Emma owns a firm that produces umbrellas. Currently, Emma produces 2,500 umbrellas a day. Emma cannot produce more umbrellas in a day unless she purchases another machine or else hires more workers. Emma is ________ efficient
A) cost
B) technologically
C) economically
D) capital and labor
B
You might also like to view...
Highway traffic is a mixed good because
a. some people like it and others do not b. drivers creates costs that are borne by other drivers c. it is not free of charge d. because highways are rivalrous, but not easily excludable e. because highways are excludable, but not easily rival
Which of the following is an economic explanation for the "beauty premium"?
a. Employers pay very attractive women less than average-looking women because they believe them to be less intelligent. b. Employers pay above-average-looking men more than above-average-looking women. c. Employers pay above-average-looking women more than average-looking women because customers prefer to deal with better-looking women. d. Employers pay above-average-looking men more because they signal to the market that they are willing to spend more money on personal grooming, a sign of wealth and stability.
Discrimination exists when a man and a woman with the same levels of education earn different incomes.
Answer the following statement true (T) or false (F)
Resources used in the production process
What will be an ideal response?