We Can Safely Say That Total Output Can Increase If

question 240

Multiple Choice

We can safely say that total output can increase if there is a(n)

• A) increase in the size of the labor force and a decrease in the productivity of workers.
• B) decrease in the size of capital and an increase in the productivity of machines.
• C) increase in the number of machines per worker.
• D) decrease in the number of workers per machine.

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Definitions:

Revenues

The total amount of money received by the company for goods sold or services provided during a specific time period.

Net Income

The total profit of a business after deducting all expenses, taxes, and losses, indicating its financial performance over a reporting period.

Liabilities

Financial obligations or debts that an entity owes to external parties.

Equity

The value of an owner's interest in a property or a company, after all debts and other obligations have been accounted for.