Home / My Courses / 2025 Fall 1 BADM 7200E for Faik Koray (Online) / Module 7: Production and Cost
/ Module 7 Homework Assignment
Module 7 Homework Assignment
Status Finished
Started Thursday, October 9, 2025, 6:59 AM
Completed Friday, October 10, 2025, 8:41 AM
Duration 1 day 1 hour
Grade 100.00 out of 100.00
Question 1
Correct 4.00 points out of 4.00
The difference 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 software 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.
/ Module 7 Homework Assignment
Module 7 Homework Assignment
Status Finished
Started Thursday, October 9, 2025, 6:59 AM
Completed Friday, October 10, 2025, 8:41 AM
Duration 1 day 1 hour
Grade 100.00 out of 100.00
Question 1
Correct 4.00 points out of 4.00
The difference 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 software 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.
