« previous next »

Author Question: When a firm produces more output using the same inputs or the same output using fewer inputs we say ... (Read 193 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?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Inputs and Outputs of the Cerebellum Inputs and Outputs of the Cerebellum
The clock generator produces a series of pulses that are used by the microprocessor and other ... The clock generator produces a series of pulses that are used by the microprocessor and other ...
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Flowchart illustrating how genetic information encoded in DNA produces protein Flowchart illustrating how genetic information encoded in DNA produces protein
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library