Answer:
Hourly labor is considered a variable or flexible factor of production because it can be easily adjusted according to changes in the level of production output.
In other words, the amount of labor input required can be varied in response to changes in the level of demand for the product or service being produced. For example, if demand for a product suddenly increases, a company can hire more workers to produce more units. Conversely, if demand falls, the company can reduce its workforce by laying off workers or reducing their working hours.
Hourly labor is therefore considered a flexible factor of production because it can be readily adjusted in the short run to adapt to changes in the level of demand, whereas other factors of production such as machinery or buildings may be less flexible or more difficult to adjust quickly.
Step-by-step explanation: