Suppose That a "Doggie Day Care" Firm Uses Only Two

question 164

Multiple Choice

Suppose that a "doggie day care" firm uses only two inputs: hourly workers (labor) and a building (capital) . In the short run, the firm most likely considers

• A)both labor and capital to be fixed.
• B)both labor and capital to be variable.
• C)labor to be variable and capital to be fixed.
• D)capital to be variable and labor to be fixed.

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Definitions:

Silicon

A chemical element with symbol Si, widely used in semiconductors and electronics for its properties of conductivity and resistance.

Doppler-Effect

A phenomenon where the frequency of waves, such as sound or light, changes due to the relative motion of the source and the observer.

Relative Velocity

The velocity of an object or observer in relation to another object, observer, or the medium in which they are moving.

Pulse Width Modulation

A method used in electronic control to regulate the amount of power delivered to an electrical device, by effectively chopping up the power supply into controlled intervals.