Which of the Following Is the Best Example of a Long-Run

question 136

Multiple Choice

Which of the following is the best example of a long-run decision?

• A) An automobile manufacturing company considering whether to invest in robotic equipment to develop a more cost-effective production technique.
• B) An automobile manufacturing company considering whether to expand its existing workforce while keeping the same factory and equipment.
• C) A business consulting firm considering whether to hire some interns to assist with research and data processing.
• D) A business consulting firm considering whether to add new computers while maintaining the same number of employees.

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Definitions:

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Canalization

The tendency for a trait that is biologically programmed to be restricted to only a few outcomes.

Range of Reaction

A theory suggesting that genetic potential sets certain limits on the expression of traits, but the environment determines where within those limits an individual will fall.

Epigenesis

The process through which the genotype interacts with the environment to guide development, affecting gene expression without altering the DNA sequence.