Which of the Following Changes a Firm's Production Function

question 33

Multiple Choice

Which of the following changes a firm's production function?

• A) Hiring additional workers
• B) Acquiring additional physical capital
• C) Adding a second production facility exactly like its first production site
• D) Adopting new technology

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Definitions:

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which may lower the share price.

Par Value

The nominal or face value of a stock or bond, as stated in the corporate charter or on the certificate.

Stock Dividend

Stock Dividend involves distributing additional shares of a company's stock to its shareholders as a form of dividend.

Par Value

The face value of a bond or a stock as stated by the issuing company, which may not reflect the current market value.