In the Short Run, Output

question 192

Multiple Choice

In the short run, output

• A)can be varied by changing the size of factories.
• B)can be varied by changing the amount of equipment in factories.
• C)can be varied by using the factories and equipment in the industry with more or less of other inputs.
• D)cannot be varied because inputs are fixed.

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Definitions:

Self-Efficacy

A belief in one's own ability to complete tasks and reach goals.

Confident

The feeling or belief that one can rely on someone or something; firm trust and self-assurance.

Emotional Arousal

The condition of having one's emotions stimulated or intensified, often leading to specific behavioral responses.

Self-Efficacy

An individual's belief in their own ability to succeed in specific situations or accomplish a task, which can influence their motivation and persistence.