Which of the following production inputs for a printing company would be considered a short-run variable?
a. the size of the company’s main plant
b. the quantity of printing presses owned by the company
c. the lease payments on the company’s facilities
d. the type of paper the company uses in its printing
d. the type of paper the company uses in its printing
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Suppose the short-run production function is q = 10 ? L. If the wage rate is $10 per unit of labor, then AFC equals
A) 0. B) 1. C) 10/q. D) It cannot be determined from the information provided.
The average variable cost of producing 4 posters is
a. $2.00. b. $2.50. c. $5.00. d. $3.33.
Estimates of U.S. job gains and losses due to free trade agreements
A) show no change in jobs. B) show clear gains in the number of jobs. C) show clear losses in the number of jobs. D) show mixed results, leading to no clear conclusion.
Describe (verbally) how to calculate a one-time return on an investment. On an annual return.
What will be an ideal response?