Suppose That Each Worker Must Use Only One Shovel to Dig

question 114

Multiple Choice

Suppose that each worker must use only one shovel to dig a trench,and shovels are useless by themselves.In the long run,an increase in the price of shovels will result in

• A) fewer shovels being purchased to produce the same number of trenches.
• B) more workers being hired to produce the same number of trenches.
• C) the firm wishing to produce more trenches.
• D) no change in the firm's input mix.

---

Definitions:

Mail

The system by which letters, packages, and other types of correspondence are delivered from one location to another.

Reasonable Time

A legal standard referring to a time period that is fair and appropriate under the circumstances for performing a legal duty or obligation.

Mortgage

A legal agreement by which a bank, lending institution, etc., lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

All-Expense-Paid Trip

A travel package in which all costs, including transportation, lodging, and meals, are covered.