Impedance in high-frequency lumped circuits depends on wire position due to the significance of parasitic capacitance and inductance, which become relevant at these frequencies. While resistance is affected by the length of the conductor, capacitance and inductance are fixed properties that influence reactance based on frequency. The discussion highlights that at high frequencies, the lumped circuit model may not be appropriate, and transmission line theory should be considered instead. Impedance consists of resistance and reactance, and circuits can exhibit resonant behavior at specific frequencies where reactance cancels out. Understanding these principles is crucial for analyzing circuit performance in high-frequency applications.