If Dirk Fails His Calculus Exam, He Is Likely to Attribute

question 5

Multiple Choice

If Dirk fails his calculus exam, he is likely to attribute his failure to

• A)not having gone to class or studied enough.
• B)his decision to go out the night before the exam.
• C)his lack of basic ability in mathematics.
• D)the exam having been too difficult to be fair.

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Definitions:

Fixed Costs

Expenses that remain constant regardless of the volume of production or sales, like lease payments or wages.

Variable Input(s)

Inputs or resources whose quantity can be changed in the short term to adjust the level of production.

Short Run

A period in economics where at least one factor of production is fixed, limiting the adjustments a firm or industry can make.

Inputs

Resources such as labor, materials, and capital that are used in the production process to create goods and services.