ECO 204 Week 3 Discussion 1 | Assignment Help | Ashford University
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- 23 Aug 2020
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ECO 204 Week 3 Discussion 1 | Assignment Help | Ashford University
Production in the Short Run
Sarah owns a bakery
that has four ovens, one full-time exempt administrative employee, and eight
part-time hourly bakers.
Based on this
information, respond to the following:
·
Distinguish between the short run and the long run. What will
differentiate the short run and the long run?
·
Describe fixed inputs and variable inputs. Which inputs are
fixed and which are variable in Sarah’s bakery?
·
Why would marginal productivity decline after a certain level of
production?
·
How can this problem of diminishing returns or marginal
productivity be reduced or removed?
Your initial post
should be a minimum of 300 words.
Guided Response: Respond substantively
(a minimum of 100 words) to at least two of your classmates’ posts. What is
similar or different between your post and theirs? What advice could you offer
them? Substantive responses use theory, research, experience, or examples to
support ideas and advance class knowledge on the discussion topic.
USA 
India