« previous next »

Author Question: When a firm produces more output using the same inputs or the same output using fewer inputs we say ... (Read 95 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?

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?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

The energy input and output of glycolysis. The energy input and output of glycolysis.
With fewer men than women in college, is it time to consider affirmative action for men? With fewer men than women in college, is it time to consider affirmative action for men?
Nutrient-Dense Food Choices Nutrient-dense foods provide more nutrition per calorie and fewer solid Nutrient-Dense Food Choices Nutrient-dense foods provide more nutrition per calorie and fewer solid
Firm handshake Firm handshake
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Flowchart illustrating how genetic information encoded in DNA produces protein Flowchart illustrating how genetic information encoded in DNA produces protein
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library