Fixed input in short run, I have a problem in economics on fixed input in short run .

Fixed input in short run

I have a problem in economics on fixed input in short run. Please help me in the following question. Which of the given below is most likely to be the fixed input in short run for General Motors? (i) An assembly line worker. (ii) Paint for cars. (iii) Giant robots on the assembly line. (iv) Computer software for office workers.

Select the most appropriate options.

View Complete Question

Related Questions in Microeconomics

Q : Define production possibility curve or

Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.

Q : Critics of the simple limit pricing

Critics of the straightforward limit pricing strategy argue about that: (w) sunk costs are not important in deterring entry. (x) for limit pricing to work, there should be a credible threat to keep old output levels. (y) this is rational to expect the

Q : Purely competitive firms in increasing

When purely competitive firms operate within increasing cost industries, several: (1) individual firms’ supply curves should be horizontal. (2) firms should experience decreasing returns to scale at low output levels. (3) specia

Q : Relatively elastic of demand in

While a price hike yields a decline within total revenue, in that case the demand faced through the producing firm: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) inferior. Can anybody

Q : Problem on bonds and interest rate The

The _______ price for a lately issued bond signifies that the firm issuing the bond is paying the _______ interest rate to borrow the funds. (1) Lower; lower. (2) Lower; higher. (3) Higher; higher. (4) None of the above. The interest rate is fixed.

Q : Profit maximization at the rate of

At the rate of output, profits are maximized where marginal: (i) revenue is maximized. (ii) revenue equals marginal cost. (iii) revenue exceeds marginal cost by the greatest amount. (iv) cost is minimized. Can some

Q : Featherbedding-Carpenter union problem

The carpenters union is capable to force agreement by the furniture manufacturer in Loblolly, North Carolina which the plant hire at least one carpenter per machine to ensure performance at such stations is proficient. This now outlawed strategy is termed as: (i) Feat

Q : Principal-Agent Problems-Institutions

According to the John Kenneth Galbraith, the modern corporate planning: (i) Aims at decreasing risks to the managers of main firms. (ii) Stresses the maximization of gains. (iii) Is much concerned with the social goals. (iv) Maximizes the social welfare.

Q : Income sufficient to physical survival

The view about all people is entitled to income sufficient to comfortably sustain their physical survival is termed as the: (1) survival standard. (2) contribution standard. (3) needs standard. (4) standard deduction. (5) equality standard.

Q : Problem on Normal and Inferior Goods

Lobster is a normal good and peanut butter is a poorer good. When your income increases, you will most likely consume: (1) More of both the goods. (2) More lobster and less peanut butter. (3) More peanut butter and less lobster. (4) Less of both goods.

Discover Q & A

Leading Solution Library

Avail More Than 1416951 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925193
Asked

3,689

Active Tutors

1416951

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment