Multiple Choice
Of the following,which is the least likely to represent a firm's long- run decision?
A) By how much should output be expanded from existing plants?
B) What technique (technology) is the best to use under current factor pricing?
C) What should be the size and design of a firm's new plant?
D) Should the firm choose a method of production that uses relatively more capital than labour?
E) Should the firm invest resources in the development of better technologies?
Correct Answer:

Verified
Correct Answer:
Verified
Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 8-4 -Refer
Q54: Suppose a firm employs two kinds of
Q55: Economists collect and analyze data on output
Q56: Assume a firm is using 10 units
Q57: The figure below shows a family of
Q58: Suppose a firm experiences decreasing returns to
Q60: Assume a firm is using 10 units
Q61: FIGURE 8- 4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5440/.jpg" alt="FIGURE 8-
Q63: Consider a firm that uses only labour
Q64: In the long run,a profit- maximizing firm