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- 18. In the short run, Boeing cannot: A. hire more engineers to design jetliners B. use additional rubber and steel in jetliner production C. employ more clerical workers in the finance department D. increase the size of its jetliner assembly plantWhich of the following are short-run and which are longrun adjustments? a. Wendy’s builds a new restaurant.b. Harley-Davidson Corporation hires 200 more production workers.c. A farmer increases the amount of fertilizer used on his corn crop.d. An Alcoa aluminum plant adds a third shift of workers.(9) The short run is a time period in which: (a) all resources are fixed. (b) the level of output is fixed. (c) the size of the production plant is variable. (d) some resources are fixed and others are variable.
- In our paper airplane company, some inputs were fixed and some were variable. Match the input to whether it was VARIABLE or FIXED. Paper- Stapler- Staples- Employees- Production space-Question 17 The production period in which at least one input is fixed in quantity is the production run. long run. short run. planning horizon.Let the following table shows the short run production function where labor is variable and other resources are fixed. L 0 1 2 3 4 5 6 7 8 TPL MPL 4 6 8 6 4 2 0 -2 -4 APL Fill the table Identify the three stages of production
- Suppose a firm has two plants, A and B, each producing the same product but using different production processes. After analyzing production reports a UNC Charlotte intern realizes that the marginal product of labor in plant B is greater than the marginal product of labor in plant A. What should he recommend as a short-run remedy? a.Move labor from plant A to plant B. b.Move labor from plant B to plant A. c.Add more capital to plant B. d.It cannot be determined from the information given.You work for a consulting firm and have been asked to review this case: A firm increases its plant size and labor employed by 50%, its output increases by 30%. What will be your advice for this firm??Let the following table shows the short run production function where labor is variable and other resources are fixed. L 0 1 2 3 4 5 6 7 8 Tpl Mpl 4 6 8 6 4 2 0 -2 -4 Apl A) Fill the table B) Identify the three stages of production
- Question 17 The ________ marginal product of labor occurs because the amount of fixed inputs per labor declines as more workers are hired.The average product of labor__________ if the marginal product of labor is greater than the average product of labor.Increasing: DecreasesDiminishing: DecreasesDiminishing: Increases Increasing: IncreasesWhich of the following are short-run and which are long-run adjustments? a. Wendy’s builds a new restaurant. b. Harley-Davidson Corporation hires 200 more production workers. c. A farmer increases the amount of fertilizer used on his corn crop. d. An Alcoa aluminum plant adds a third shift of workers.Hi- please answer both A and B A construction company has two types of employees: skilled and unskilled. A skilled employee can build 1 yard of a brick wall in one hour. An unskilled employee needs twice as much time to build the same wall. The hourly wage of a skilled employee is $15. The hourly wage of an unskilled employee is $8. a) Write down a production function with labor. The inputs are the number of hours of skilled workers, LS, the number of hours worked by unskilled employees, LU, and the output is the number of yards of brick wall, Q. b) What is the cost-minimizing way to build 100 yards of a wall?
