This Question Has Two Parts; Be Sure to Answer Both

question 20

Essay

This question has two parts; be sure to answer both.
First, explain the three steps in the OD process.
Next, suppose you are a student ambassador at your college or university. A new activity for the ambassadors is to become peer mentors to student's high absenteeism. Give examples of activities the ambassadors might take in each stage of its OD process.

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Definitions:

Fixed Costs

Costs that do not change with the level of output or activity, such as rent or salaries.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting the firm's ability to adjust production in response to market changes.

Monopolistically Competitive

A market framework where numerous companies offer products that are alike but not exactly the same, providing room for a bit of market influence and variation in products.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, or insurance premiums.