As a Firm Increases Its Use of Labor Relative to Capital

question 77

Multiple Choice

As a firm increases its use of labor relative to capital, it is becoming more:

• A) capital intensive.
• B) labor intensive.
• C) efficient.
• D) cost conscious.

---

Definitions:

Mass-Produced

Items or products manufactured in large quantities using automated processes and standardized components, allowing for economies of scale.

Continuous Fashion

This typically means ongoing or uninterrupted, often used in contexts like operations or processes that do not stop or pause.

Identical

Exactly the same, without any difference.

Finished Goods Inventory

Goods that are finished with their production cycle and available for purchase by consumers.