For Many Firms, Capital Is the Production Input That Is

question 111

Multiple Choice

For many firms, capital is the production input that is typically fixed in the short run. Which of the following firms would face the longest time required to adjust its capital inputs?

• A) Firm that makes DVD players
• B) Computer chip fabricator
• C) Flat-screen TV manufacturer
• D) Nuclear power plant

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Definitions:

Compelling

Having a powerful and irresistible effect; capable of driving action or demanding attention.

Competitive

The quality of being able to compete successfully against others in the same field, often by offering better goods, services, or performance.

Indirect Approach

A strategy or method of communication that avoids direct confrontation or explicit revelation, often used to moderate the impact of a message.

Essential Element

A fundamental component or aspect that is necessary for the completeness or functionality of something.