Of the Following, Which Is the Least Likely to Represent

question 57

Multiple Choice

Of the following, which is the least likely to represent a firm's long- run decision?

• A) By how much should output be expanded from existing plants?
• B) Should the firm count on an expanding or contracting share of the market?
• C) Should the firm choose a method of production that uses relatively more capital than labour?
• D) What technique (technology) is the best to use under current factor pricing?
• E) What should be the size and design of a firm's new plant?

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Definitions:

Requirements For Negotiability

The legal criteria that a document must meet to be considered negotiable, allowing it to be transferred or endorsed.

Contract Formed

The process of creating a legally binding agreement, requiring offer, acceptance, consideration, and mutual consent among parties.

Negotiable

Capable of being transferred or exchanged for value between parties, often referring to financial instruments like checks or bills of exchange.

Negotiable Instrument

A written, signed document that promises payment of a specified sum of money to the bearer or a named party.