Due to a decrease in the birthrate, the Tiny Feet Company expects a decrease in the sale of its baby booties over the next few years. The Tiny Feet Company will most likely
A. keep current production constant, but plan to decrease production in the future.
B. decrease current production.
C. not change its current investment plans, but plan to decrease investment in the future.
D. increase current production so that it can decrease production in the future.
Answer: B
You might also like to view...
If firms have more capital, it is ________ for workers
A) harmful B) ineffective C) beneficial D) unimportant
If it does not shut down, a perfectly competitive firm produces where marginal cost is equal to the marginal revenue
A) only in the short run. B) only in the long run. C) always to maximize its profit. D) only if it is not possible to produce where price equals average variable cost. E) only if it is not possible to produce where price is greater than average total cost.
An example of something that might be sold in the underground economy is:
A. lawn-mowing services. B. endangered animals. C. baby-sitting services. D. All of these could be exchanged in the underground economy.
The United States has the largest percentage of foreigners in its overall population of any nation
Indicate whether the statement is true or false