-In the Short Run, Firms Increase Output

question 82

Multiple Choice

-In the short run, firms increase output

• A) only by increasing the size of their plant.
• B) only by increasing the amount of labour used.
• C) only by decreasing the size of their plant.
• D) only by decreasing the amount of labour used.
• E) either increasing the amount of labour used or increasing the size of their plant.

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Definitions:

La Grande Louvre Pyramide

A large glass and metal pyramid serving as the main entrance to the Louvre Museum in Paris, France, designed by architect I. M. Pei.

I. M. Pei

is a Chinese-American architect known for his modern architectural designs that include famous structures like the Louvre Pyramid in Paris.

Architect

A professional who plans, designs, and oversees the construction of buildings, ensuring both function and aesthetics.

Western Abstract Expressionism

A post-World War II art movement in American painting, characterized by spontaneous, automatic, or subconscious creation, emphasizing freedom of expression.