menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 8: Production and Cost
  5. Question
    If a Firm Reduces the Ratio of Capital to Labor
Solved

If a Firm Reduces the Ratio of Capital to Labor

Question 223

Question 223

Multiple Choice

If a firm reduces the ratio of capital to labor, it becomes more:


A) labor intensive.
B) output intensive.
C) marginal intensive.
D) capital intensive.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q217: Use the following to answer question(s): <img

Q218: In the long run:<br>A) the firm considers

Q219: Use the following for questions 37-43.<br>Exhibit: Total

Q220: If a firm produces 10 units of

Q221: In the short run, at least one

Q222: When a total product curve is increasing

Q224: If marginal product is greater than average

Q225: Use the following to answer question(s): Short-Run

Q226: Assume that the units of variable input

Q227: Describe the relationships between marginal product and

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines