We can safely say that total output can decrease if there is a(n)
A. decrease in the number of workers per machine.
B. increase in the size of the labor force and an increase in the productivity of workers.
C. increase in the size of capital and an increase in the productivity of machines.
D. increase in the number of machines per worker.
Answer: A
You might also like to view...
Explain the economic idea that "people respond to incentives."
What will be an ideal response?
If a firm faces a flat demand curve
A) it cannot engage in price discrimination. B) it can only engage in two-part tariffs. C) it can only engage in perfect price discrimination. D) None of the above.
A marginal adjustment only refers to a minor change
a. True b. False
Refer to Figure 14.2. A movement from point b to point d could be caused by a(n):
A. decrease in government spending. B. increase in the price of oil. C. decrease in taxes. D. increase in short-run aggregate supply.