Answer:
Short-run Production Function and Short-run Cost Function
In the short-run, some costs are fixed while others are variable. This is not the case in the long-run because, in the long-run, all costs become variable.
Therefore, the relationship between a firm’s short-run production function and its short-run cost function is depicted by the variability of the cost and the quantity of production in the short-run, when some costs are variable while other costs are fixed.
This implies that the quantity that the firm can produce in the short-run is determined by the variable (marginal) cost of production input. Similarly, the total variable cost of a product is a function of the quantity and the marginal cost per unit.
Explanation:
The short-run production function shows the different volumes of output that a firm can produce, where some costs are fixed and some are variable. This function is expressed as Q = f (L, K), where Q = quantity of production, L = labor input, and K = capital input. Here, the firm assumes that labor input is variable while capital input is fixed. This implies that the marginal cost of the product is equal to the labor cost. Therefore, if the firm employs one more unit of labor, it results in a marginal increase in the units of production. The marginal cost of production is expressed as a function of the change in the total cost divided by the change in the quantity.
Within 20 feet of a crosswalk
B-Recent research in this area has shown a positive relationship between these variables.
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Answer: a. the applicant pool
Explanation:
When a job is announced, people are told to apply for it and send in their resumes so that the company hiring can look through them.
The applicant pool refers to everyone that applied for that job and so sent in their resume. They will all be evaluated for the position in question to see if they fit and the better qualified or preferred candidates will then be called in for an interview.
The science that studies trends and changes in human populations is called demography. Thus, option C is correct.
<h3>What is the population? </h3>
The population can be defined as the number of people present in a particular region. The region can be locality, city, country, or the world.
The quantitative study of human inhabitants is called demography. Demographers examine the range, migration, and composition of people using census data, surveys, and statistical models. It also includes the death and birth and mortality ratio. Therefore, option C is the correct option.
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