How Many Miles Are Covered in a 15 Km Race

question 39

Multiple Choice

How many miles are covered in a 15 km race? (1 mile = 5280 feet,12 inches = 1 foot,1 inch = 2.54 cm)

• A) 7.1 mile
• B) 9.3 mile
• C) 11 mile
• D) 15 mile
• E) 26 mile

Distinguish between short run and long run in terms of input variability.

Grasp the concept of diminishing returns and its effects on cost and production.

Understand the role of scale economies in long-run cost behavior.

Understand the impact of first impressions and biases on the hiring process.

---

Definitions:

Demand for Automobiles

The consumer desire to purchase cars, influenced by factors like income, price, and personal preferences.

Wage Rate

The standard amount of compensation given to employees for performing certain tasks, usually expressed per hour or year.

Amount of Labor

The total hours worked by employees or the workforce size within a certain period or for a particular task.

Inputs Employed

The resources used in the production of goods and services, such as labor, capital, and raw materials.