If a firm increases its capital stock per person while holding constant the number of workers employed, the firm is said to experience
A) capital augmentation. B) labor intensity.
C) capital deepening. D) investment deepening.
C
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Compare the relative effectiveness of the balsakhi program to the Computer-Assisted Learning (CAL) program in India
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Monopolistically competitive markets differ from perfectly competitive markets due to (i) the number of sellers. (ii) the barriers to entry. (iii) the product differentiation among the sellers
a. (i) only b. (iii) only c. (i) and (iii) only d. (ii) and (iii) only
Other factors held constant, a decrease in resource prices will shift the aggregate:
A. demand curve leftward. B. demand curve rightward. C. supply curve leftward. D. supply curve rightward.
Having free entry and exit in a market can help drive:
A. cost-cutting. B. innovation. C. quality improvements. D. All of these occur more often with free entry and exit.