Purchasing additional equipment for more people to use or share in a production environment usually results in a
A) higher level of output.
B) more expensive level of output.
C) backlog of production.
D) worker sharing his or her load.
A
You might also like to view...
China's population is over 1.5 billion, while the population of the United States is about 300 million. This fact means that China has much more human capital than the U.S. does. True or false? Explain your answer
Indicate whether the statement is true or false
Increases in both labor and capital productivity will result in:
A) downward shift of the average and marginal product curves and upward shift of the average cost curves. B) downward shift of the average and marginal product curves and downward shift of the average cost curves. C) upward shift of the average and marginal product curves and downward shift of the average cost curves. D) upward shift of the average and marginal product curves and upward shift of the average cost curves.
________ Treasury bonds tend to have lower interest rates than ________ Treasury bonds
A) Lower coupon payment; higher coupon payment B) Higher denomination; lower denomination C) Longer-maturity; shorter-maturity D) Shorter-maturity; longer-maturity
The production possibility curve is bowed outward from the origin because of:
A. the law of increasing opportunity costs. B. the finite nature of the resource base. C. inefficiency. D. unemployment.