2022 First Spring BADM 7200 for Richard Stahl / Module 7: Production and Cost/ Module 7 Homework Assignment (AEA
Started on Sunday, February 27, 2022, 7:06 PM
State Finished
Completed on Tuesday, March 1, 2022, 2:18 PM
Time taken 1 day 19 hours
Grade 100.00 out of 100.00
Question 1
Correct 4.00 points out of 4.00
The di!erence between the short-run and the long-run is
a. three months, or one business quarter.
b. the time it takes for firms to change all inputs in the production process. !
c. the time it takes for firms to change only their variable inputs.
d. More information is required to answer this question.
The correct answer is:
the time it takes for firms to change all inputs in the production process.
:
, Question 2
Correct 4.00 points out of 4.00
In a call center, which of the following situations can be considered as a variable input in the short run?
a. the level of computer so"ware being utilized
b. the number of call center representatives on duty at the center !
c. the number of call center managers or supervisors
d. the size (e.g., square footage) of the call center
The correct answer is:
the number of call center representatives on duty at the center
Question 3
Correct 4.00 points out of 4.00
If a firm finds itself operating in Stage I, it implies that
a. variable inputs are extremely expensive.
b. it underinvested in fixed capacity.
c. it overinvested in fixed capacity. !
d. fixed inputs are extremely expensive.
The correct answer is:
it overinvested in fixed capacity.
:
Started on Sunday, February 27, 2022, 7:06 PM
State Finished
Completed on Tuesday, March 1, 2022, 2:18 PM
Time taken 1 day 19 hours
Grade 100.00 out of 100.00
Question 1
Correct 4.00 points out of 4.00
The di!erence between the short-run and the long-run is
a. three months, or one business quarter.
b. the time it takes for firms to change all inputs in the production process. !
c. the time it takes for firms to change only their variable inputs.
d. More information is required to answer this question.
The correct answer is:
the time it takes for firms to change all inputs in the production process.
:
, Question 2
Correct 4.00 points out of 4.00
In a call center, which of the following situations can be considered as a variable input in the short run?
a. the level of computer so"ware being utilized
b. the number of call center representatives on duty at the center !
c. the number of call center managers or supervisors
d. the size (e.g., square footage) of the call center
The correct answer is:
the number of call center representatives on duty at the center
Question 3
Correct 4.00 points out of 4.00
If a firm finds itself operating in Stage I, it implies that
a. variable inputs are extremely expensive.
b. it underinvested in fixed capacity.
c. it overinvested in fixed capacity. !
d. fixed inputs are extremely expensive.
The correct answer is:
it overinvested in fixed capacity.
:
