In the long-run, the firm can only expand output by adding more variable inputs (workers and raw materials)
a. True
b. False
Indicate whether the statement is true or false
False
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Bond ratings
A) are published annually by the federal government and are based largely on information contained in corporate tax returns. B) are published annually by the federal government and are based on publicly available information. C) are published monthly by the federal government and are based on publicly available information. D) are published by private bond-rating agencies.
In an oligopsony market:
A) there are many buyers and sellers. B) there are many buyers and a single seller. C) there is a single buyer and many sellers. D) there are a few buyers and many sellers. E) there are a few buyers and a few sellers.
When demand is unit elastic, a 10 percent change in the price of the good
A) will cause a change in quantity demanded of less than 10 percent. B) will cause a change in quantity demanded equal to 10 percent. C) will cause a change in quantity demanded greater than 10 percent. D) will not cause any change in quantity demanded.
In 2011, the poverty rate in the United States was
a. 5.9 percent. b. 11.1 percent. c. 15.0 percent. d. 22.4 percent.