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Author Question: Which of the following inputs is easier to increase in the short run? A) number of airplanes B) ... (Read 274 times)

jrubin

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Which of the following inputs is easier to increase in the short run?
 
  A) number of airplanes
  B) size of the airport terminal
  C) ticket-counter sales people
  D) number of luggage carousels

Question 2

A production function tells the firm
 
  A) the maximum it can expect to produce with a given mix of inputs.
  B) the average it can expect to produce with a given mix of inputs.
  C) the minimum it can expect to produce with a given mix of inputs.
  D) the average level of production for other firms in the industry.


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l.stuut

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jrubin

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Reply 2 on: Jul 1, 2018
Excellent


xoxo123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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