A Firm Is Using a Single Variable Input,labor,with a Given

question 45

Multiple Choice

A firm is using a single variable input,labor,with a given amount of a fixed input,capital.If the level of capital is decreased,

• A)the total product curve of labor curve shifts downward.
• B)the average product curve of labor curve shifts downward.
• C)the marginal product curve of labor shifts downward.
• D)all of the above
• E)none of the above

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Definitions:

Butterfly Effects

The concept that small causes can have large effects, particularly in the context of a chaotic system, where minute variations in initial conditions can result in vastly different outcomes.

Teratogen

Any agent or substance that can cause malformation of an embryo or fetus.

Birth Defect

A physical or biochemical abnormality that is present at birth and that may affect bodily functions or appearance.

Prenatal Development

The process of growth and development within a woman's uterus before birth.