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Describe the costs that are changing—are they fixed or variable costs for the firm’s production in the short-run decision regarding quantity of production (and what timeframe would they be fixed if they are fixed), how would those changing costs affect the marginal costs of the firm, and how would you expect a firm to respond to the change in input prices?

Describe the costs that are changing—are they fixed or variable costs for the firm’s production in the short-run decision regarding quantity of production (and what timeframe would they be fixed if they are fixed), how would those changing costs affect the marginal costs of the firm, and how would you expect a firm to respond to the change in input prices? In other words, what decisions would the firm change? Consider both the quantity of production and if the firm can or would substitute inputs. If the firm was a perfectly competitive market, how would the changing costs affect the price and number of transactions in the short run?

How do the factors affect the GC level shown by the organization, and how does GC affect each consequence?

Based on the Group Cohesiveness Model (GC) explanation shared yesterday, answer the following questions after performing and interpreting the regression technique on the excel dataset attached in the week 5 in-class exercise-Course document link. After getting the regression outcomes, it is important to interpret the regression model to come up with the answers to the questions below.

1.1. How do the factors affect the GC level shown by the organization, and how does GC affect each consequence?

1.2. How do the factors affect the GC level shown by group range, and how does GC affect each consequence in each group range as explained in the recording? Explain. Are the factors affecting GC the same across the group ranges? How much does each important/relevant factor contribute to the GC in each group? Craft technical conclusions and an action plan to improve the GC, if any.