If a firm is able to produce ________ output even after reducing its labor workforce, this implies that the firm has excess labor.
A. more
B. no
C. the same amount of
D. less
Answer: C
Economics
You might also like to view...
Refer to Table 6-3. Over what range of prices is the demand inelastic?
A) between $12 and $16 B) over the entire range of prices C) between $8 and $16 D) between $2 and $8
Economics
When drawn against the real interest rate, the optimal investment schedule shifts to the right if the
A) current capital stock K increases. B) current capital stock K decreases. C) future capital stock K' increases. D) future capital stock K' increases.
Economics
Substitutes
What will be an ideal response?
Economics
As price rises, quantity demanded _____.
Fill in the blank(s) with the appropriate word(s).
Economics