A Firm Practices Input Substitution When It

question 81

Multiple Choice

A firm practices input substitution when it

• A)retrains Joe the welder as a painter and Pat the painter as a welder.
• B)buys extra machines for its workers to use.
• C)allows fixed cost to become variable.
• D)replaces unskilled labor with automated machinery.

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Definitions:

Trip to India

A journey or visit to the South Asian country known for its diverse culture, history, and landscapes.

Independent

Not influenced or controlled by others in matters of opinion, conduct, etc; self-governing.

Deck

A structure of planks or platforms, typically outdoors, connected to a building; or, in card games, a complete set of cards.

Distribution

The way in which values of a variable or group of variables are spread or dispersed across a set of data.