The Distinction Between Variable and Fixed Inputs

question 63

Multiple Choice

The distinction between variable and fixed inputs

• A) can be made only in the long run.
• B) can be made by calculating the difference between an input's marginal product and its average product.
• C) is based on the time period under consideration.
• D) is that variable inputs are not subject to the law of diminishing returns.
• E) reflects the difference between human and nonhuman inputs.

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Definitions:

Non-prejudiced People

Individuals who do not harbor prejudices, maintaining unbiased attitudes and behaviors towards others based on race, gender, religion, or other social categories.

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to the feedback between belief and behavior.

Motivation

The psychological process that gives behavior purpose and direction.

Prejudices

Biased opinions or feelings against an individual or group without sufficient justification.