Multiple Choice
A firm becomes more labor-intensive when it:
A) reduces the ratio of output to capital.
B) increases the ratio of output to labor.
C) reduces the ratio of capital to labor.
D) increases the ratio of capital to labor.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q61: Suppose that the units of variable input
Q62: The change in total output resulting from
Q63: Given constant quantities of all other factors
Q64: A planning period during which all of
Q65: The marginal cost curve intersects the average
Q67: Which of the following is (are) correct?<br>A)
Q68: The law of diminishing marginal returns indicates
Q69: The second of the three ranges of
Q70: The law of diminishing marginal returns assumes
Q71: Use the following to answer question(s): <img