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 considersGroup of answer choicesboth labor and capital to be fixed.both labor and capital to be variable.labor to be variable and capital to be fixed.capital to be variable and labor to be fixed.

What are the fixed inputs and fixed costs at these autonomous restaurants/dining services? What about variable inputs and variable costs?When do you think fixed inputs will become variable inputs? Explain.How would diminishing returns play out in these settings? Please explain using an example scenario.

If, in the production of boxer shorts, labour is the variable input and sewing machinery is the fixed input, total product can be found by determining output:Multiple Choiceat each level of labour employment holding capital employment constantat various levels of labour and capital employmentusing various numbers of sewing machines with the same amount of labourmultiplied by each additional labourer who is employeddivided by the number of workers employed for each unit of labour employment

Multiple Choice QuestionAs one more additional variable input such as labor is applied to fixed capital such as plant and equipment, the marginal product, or additional output, will fall. This describes the law of Blank______.Multiple choice question.supplyincreasing returnsdiminishing returnsdemand

Tyee is working two summer jobs, making $10 per hour washing cars and $6 per hour walking dogs. Last week Tyee worked twice as many hours walking dogs as he worked washing cars and earned a total of $88. Write a system of equations that could be used to determine the number of hours Tyee worked washing cars last week and the number of hours he worked walking dogs last week. Define the variables that you use to write the system.

Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours for the previous month increase by more than 15 percent over the headcount. What type of decision is this?Multiple Choiceintuitivegroupthinksatisficingboundedprogrammed