« previous next »

Author Question: When a firm produces more output using the same inputs or the same output using fewer inputs we say ... (Read 122 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 29, 2018
When a firm produces more output using the same inputs or the same output using fewer inputs we say that the firm
 
  A) experiences positive technological change.
  B) will hire more workers in order to produce more output.
  C) experiences an increase in demand.
  D) is operating in the short run.

Question 2

An item has utility for a consumer if it
 
  A) generates enjoyment or satisfaction. B) is scarce.
  C) is something everyone else wants. D) has a high price.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jazziefee

  • Hero Member
  • *****
  • Posts: 505
Reply #2 on: Jun 29, 2018
Thank you


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

(a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest (a) Feeding by bear on salmon results in large allochthonous inputs of nutrients into (b) the forest
Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ... Sumatran Tiger Fewer than 400, Indonesia and Texas Ocelot Fewer than 250, southern United States, ...
A Hall-effect sensor produces a digital on-off voltage signal whether it is used with a blade or a ... A Hall-effect sensor produces a digital on-off voltage signal whether it is used with a blade or a ...
The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ... The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ...
Organic approaches and the reduction of inputs and pollution Organic approaches and the reduction of inputs and pollution
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library