Given the Above Graph,if the Firm Continues to Produce 45

question 85

Multiple Choice

Given the above graph,if the firm continues to produce 45 units of output and moves from point A to point B,it must be true that

• A)the price of labor decreased relative to the price of capital.
• B)the price of capital decreased relative to the price of labor.
• C)the cost of producing 45 units decreased.
• D)both b and c
• E)none of these are true

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, affecting how they think, feel, and behave.

External Locus

A belief that outcomes of events are determined by forces outside personal control.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance and commitment.

Introverted

Describing a person predominantly concerned with their own thoughts and feelings rather than external things.