Multiple Choice
If two factors of production are substitutes in production,then a decrease in plant size will make the total product curve
A) higher and steeper.
B) lower and steeper.
C) higher and more shallow.
D) lower and more shallow.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q29: When a monopsony hires an additional worker,it
Q30: A profit maximizing firm in any type
Q31: If the wage rate rises,then the firm's
Q32: A monopsonist will continue to hire additional
Q33: The short-run demand curve for labor for
Q35: When labor is a regressive factor,a higher
Q36: Labor Demand and Labor Supply<br><br>The following questions
Q37: In terms of the marginal product of
Q38: If the wage rate is $10 per
Q39: Discuss whether or not a competitive,profit-maximizing firm