Refer to the table below. In the short run, A = 9 and B = 27, but you expected the price of Input 2 to increase. If the price of Input 2 rises, 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.
A) You should buy more of Input 1 and less of Input 2.
You might also like to view...
What is the name of the time period that evolved out of the Oldowan, or pebble tool, tradition and lasted until about 15,000 years ago?
A. Oldowan B. Acheulean C. Chalcolithic D. Paleolithic E. Neolithic
Based on Table 9.1 in your book, "Patterns in the Sexual Division of Labor," Which of these tasks is the least likely to be sex-specific?
a. Milking animals b. Tending small animals c. Wood working d. Hunting
According to the __________ model, the gradual evolution of Homo erectus into modern Homo sapiens took place in Asia, Africa, and Europe at about the same time
A. replacement evolutionary B. multiregional evolutionary C. mitochondrial Eve evolutionary D. African origins evolutionary
What developments are required to move an egalitarian society into a ranked society? Is it inevitable that societies would progress in this direction? Why or why not?
What will be an ideal response?