In response to a decrease in the market demand, to maximize short-run profits, managers of perfectly competitive firms will ________ production by employing ________ inputs.
A) increase; more variable
B) increase; more fixed
C) decrease; less fixed
D) decrease; less variable
D) decrease; less variable
You might also like to view...
According to Nelson Mandela's excerpt, which movement was noted as a step of great political significance?
a. the South African Indian Congress b. the United Nations Treaty of Johannesburg c. the American Civil Rights Movement d. the Campaign for the Defiance of Unjust Laws
In which type of society are the gods most likely to take an active interest in the moral behavior of humans?
A) pastoral societies B) a society with considerable wealth inequality C) a food-collecting society D) an egalitarian society
A structurist view of youth gang violence sees it as a result of __________
A) lack of proper child socialization B) absence of a father figure in the family C) poverty and constricted economic opportunities D) genetics
Which of the following statements about nonstate societies is true?
A. Political institutions are maintained totally separate from economic institutions. B. Economic, political, and religious activities are often embedded in one another. C. Social control is maintained mostly through physical coercion. D. All political power is based on religion. E. Warfare is conducted by professional armies.