Suppose a Firm Is Currently Minimizing Costs in the Long

question 82

Multiple Choice

Suppose a firm is currently minimizing costs in the long run with marginal product of labor and marginal product of capital given by K and L, respectively. If the price of capital falls by 50%, the capital-to-labor ratio will:

• A) decrease by 50%.
• B) double.
• C) increase by 50%.
• D) increase fivefold.

Recognize and address potential biases and errors in sociological research, including the Hawthorne effect, male-centered perspectives, and overgeneralization.

Compare and assess different sociological research methods, understanding their advantages, limitations, and appropriate applications.

Execute a comprehensive understanding of the research process, from conceptualization to analysis, within the context of investigating social problems.

Distinguish between key statistical concepts and their application in sociological research.

---

Definitions:

Creativity

The ability to produce original and valuable ideas or solutions.

Extrinsic Motivation

Motivation fueled by external rewards, such as money, fame, grades, or praise, rather than by intrinsic rewards, like personal satisfaction.

Social Motivation

The drive to engage in activities or behaviors based on social factors, such as the need for approval, belonging, or conformity to group norms.

Achievement Motivation

The drive or desire within an individual to set and accomplish challenging goals, surpass standards of excellence, and persist in the face of obstacles.