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Author Question: When a firm produces more output using the same inputs or the same output using fewer inputs we say ... (Read 199 times)

jazziefee

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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
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babybsemail

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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jazziefee

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Reply #2 on: Jun 29, 2018
Thank you


babybsemail

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Reply #3 on: Jun 29, 2018
No problemo


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