Suppose You Are the Manager of Big Mess Managers, a Large

question 21

Multiple Choice

Suppose you are the manager of Big Mess Managers, a large manufacturer of paper towels that uses two variable inputs and o that is fixed in the short- run.
-Refer to the table above. In the short run, A = 9 and B = 27, but you expected the price of Input 2 to increase. If the price of Input 2 rises, which of the following is true?

• A)You should buy more of Input 1 and less of Input 2.
• B)You should buy more of Input 2 and less of Input 1.
• C)You should buy less of the Fixed Input.
• D)You should make no changes.

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Definitions:

Identical Twins

Siblings who are genetically identical to each other because they were conceived from the same egg and sperm, and hence share all of their genes.

Fraternal Twins

Twins who are born at the same time but developed from two different eggs fertilized by two different sperm, resulting in genetically distinct siblings.

Genetics

The study of genes, genetic variation, and heredity in living organisms, and how these affect physical and behavioral traits.

Personality

A unique set of emotional, thought, and behavioral patterns that define an individual’s personal style of interacting with the environment and other people.