Refer to the table below. In the short run, A = 9 and B = 27, but you expected the price of Input 2 to decrease. If the price of Input 2 decreases, which of the following is true?
Suppose you are the manager of Big Mess Managers, a large manufacturer of paper towels that uses two variable inputs and one input that is fixed in the short-run.
A) You should buy more of Input 1 and less of Input 2.
B) You should buy more of Input 2 and less of Input 1.
C) You should buy less of the Fixed Input.
D) You should make no changes.
B) You should buy more of Input 2 and less of Input 1.
You might also like to view...
The Leakey family made a significant find in 1959 with the discovery of Paranthropus boisei. Why was this discovery so important?
A) It proved that South Africa was the only African region to have early hominin fossils. B) It put back the emergence of bipedalism by at least 2 million years. C) It was the first bipedal hominin ever discovered. D) It demonstrated that the early hominins were present in East Africa, not just South Africa.
Refer to the figure below. At the 20th unit of action, which of the following is true?
A) Marginal benefit exceeds marginal cost.
B) Marginal cost exceeds marginal benefit.
C) Total gains are maximized.
D) Total losses are minimized.
How does the belief in witchcraft serve as a form of social control?
What will be an ideal response?
Anime and manga display themes that are particular to Japanese culture and are therefore not very popular on a global scale
Indicate whether the statement is true or false