What Is the Usual Response of Firm to an Increase

question 64

Multiple Choice

What is the usual response of firm to an increase in the price of what they sell?

• A)An increase in output.
• B)An increase in hiring factors of production.
• C)An increase in the profit level of the firm.
• D)An increase in employment at the firm.
• E)All of the above.

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Definitions:

Technology, Communications

This refers to the use of technology tools and platforms to facilitate the exchange of information and interaction among individuals and organizations.

Global Attitudes

Perspectives or viewpoints shared among individuals from various countries around the world, often reflecting global trends and issues.

Youngest Populations

Demographic groups within a society that are the most recent born, referring to children and young people who make up the emerging generation.

Foreign Investment

Capital investment made by individuals, companies, or governments in foreign countries, either by acquiring assets in those countries or through direct investments in businesses and projects.