{"id":515,"date":"2010-11-25T03:04:38","date_gmt":"2010-11-25T09:04:38","guid":{"rendered":"http:\/\/opengecko.com\/uncategorized\/output-or-product-in-the-short-run-2\/"},"modified":"2010-11-25T03:04:38","modified_gmt":"2010-11-25T09:04:38","slug":"output-or-product-in-the-short-run-2","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/uncategorized\/output-or-product-in-the-short-run-2\/","title":{"rendered":"Output or ‘Product’ in The Short Run"},"content":{"rendered":"

a) Find out the definition for the short run (in Economics it has a specific definition).<\/font><\/p>\n

Use google and the define: prefix.<\/font><\/p>\n

\"image\"<\/font><\/a><\/p>\n

\"image\"<\/font><\/a><\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>\u00b0Florian<\/font><\/a><\/p>\n

b) A practical activity in the classroom. <\/font><\/p>\n

Rules:<\/font><\/p>\n

1) A wall in the classroom \u2013 you can not move away from the wall, you must always stay right next to the wall. Physical land is fixed.<\/font><\/p>\n

2) At one end of the wall a desk with a pile of raw-material-paper (or text books). <\/font><\/p>\n

3) At the other end of the wall a desk. This is where the paper is manufactured into end-of-wall paper once it has been transferred from the other side to this desk.<\/font><\/p>\n

4) Only one piece of paper can be carried by a worker at a time.<\/font><\/p>\n

5) We will add more and more workers, but since no-one can move away from the wall, they can not pass each other.<\/font><\/p>\n

6) Each production cycle (period of time) lasts one minute only.<\/font><\/p>\n

7) All workers recognise the profit-maximising incentive of working to full ability, and behave accordingly. (No slacking \u2026)<\/font><\/p>\n

6) First volunteer up. Results will be recorded on a Google Spreadsheet. Access the one below and make a copy of it in your Google Account.<\/font><\/p>\n

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