If a Publishing Company Purchases Faster Computers to Speed Up

question 152

Multiple Choice

If a publishing company purchases faster computers to speed up word processing,

• A)the marginal product of its editors will increase, which will shift the demand for editors to the right
• B)the marginal product of its editors will increase, which will shift the demand for editors to the left
• C)the wages of its editors will increase, which will shift the demand for editors to the right
• D)the wages of its editors will decrease, which will shift the demand for editors to the right
• E)the supply of editors will decrease

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Definitions:

Defects

Imperfections or faults in a product or process that deviate from desired performance or specification.

Normal Distribution

This denotes a probability distribution with symmetry at the mean, proving that nearer-to-mean data points occur more regularly than those farther away.

Mean

The mean of a collection of numbers, found by dividing their total sum by the quantity of numbers in the set.

μ

The symbol commonly used to represent the mean or average of a population in statistics.