A School Board Has Determined That There Should Be 3

question 9

Multiple Choice

A school board has determined that there should be 3 teachers for every 60 students. How many teachers are needed for an enrollment of 3,300 students?

• A) 140 teachers
• B) 176 teachers
• C) 165 teachers
• D) 149 teachers
• E) 108 teachers

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Definitions:

Short Run

A period in economics during which some factors of production are fixed, leading to outputs that can only be influenced by changes in variable factors.

Long Run

A period during which all factors of production and costs are variable, allowing full adjustment to any change.

Fixed Cost

Describes expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that change in proportion to the good or service that a business produces.