The academic calendar for a university is August 15 through May 15. A professor commits to a contract that binds her to a teaching position at this university for this period. Based on this information, the short run for the professor
Part 2
A.
will be the nine month period between August 15 and May 15; any time period longer than this will be long run for her.
B.
will be the time period between August 15 and December 31; any time period longer than this will be long run for her.
C.
will be the calendar year between January 1 and December 31; any time period longer than this will be long run for her.
D.
will be the time period between August 15 of the current year and August 14 of the following year; any time period longer than this will be long run for her.
A. will be the nine month period between August 15 and May 15; any time period longer than this will be long run for her.
D. will be the time period between August 15 of the current year and August 14 of the following year; any time period longer than this will be long run for her.
To determine the short run for the professor, we need to understand the time period in which the professor is bound by the contract.
In this case, the contract binds the professor to a teaching position at the university for the period from August 15 to May 15. This means that the professor is obligated to teach during this time period, and any changes or decisions related to her teaching position would be considered within the short run.
Now let's evaluate the options:
A. will be the nine month period between August 15 and May 15; any time period longer than this will be long run for her.
This option is incorrect because the professor's short run actually extends beyond the nine-month period. The contract specifies that the professor is committed to teaching until May 15, so any decisions or changes within this period would still be considered part of the short run.
B. will be the time period between August 15 and December 31; any time period longer than this will be long run for her.
This option is also incorrect because the contract extends until May 15, not December 31. Therefore, the short run is longer than just the time period until December 31.
C. will be the calendar year between January 1 and December 31; any time period longer than this will be long run for her.
This option is not relevant to the information provided. The contract specifies the teaching period from August 15 to May 15, which does not align with a calendar year from January 1 to December 31.
D. will be the time period between August 15 of the current year and August 14 of the following year; any time period longer than this will be long run for her.
This option is correct. The time period between August 15 of the current year and August 14 of the following year aligns with the teaching commitment specified in the contract. Any decisions or changes related to her teaching position within this period would be considered part of the short run.
Therefore, the correct answer is option D.