Economists Predict That the __________ the Cost of Shirking to an Individual

question 68

Multiple Choice

Economists predict that the __________ the cost of shirking to an individual, the __________ shirking that individual will undertake, ceteris paribus.

• A)lower; less
• B)higher; less
• C)lower; more
• D)higher; more
• E)b and c

---

Definitions:

Assembly Worker

An individual employed to construct various components into a final product in a manufacturing process.

Raw Materials Inventory Turnover

A measure of how frequently a company uses and replenishes its stock of raw materials within a specific period.

Raw Materials Used

Refers to the basic substances in their natural, modified, or semi-processed state used in manufacturing or production.

Raw Materials Purchased

This refers to the cost of raw materials bought by a company for the purpose of production in manufacturing processes.