Use the following to answer questions:
Figure: Consumer Equilibrium IV 
-(Figure: Consumer Equilibrium IV) Look at the figure Consumer Equilibrium IV. Assume that you are consuming the combination of goods at point K. Given the budget constraint FL, utility can be increased by moving to point:
Definitions:
Work in Process
This refers to the inventory of items being produced but not yet completed, often seen in various stages of production.
Property, Plant, and Equipment
Long-term tangible assets used in the operation of a business and not intended for resale, including buildings, machinery, and equipment.
Fixed Manufacturing Overhead
Costs associated with production that do not change with the level of output, such as rent, salaries, and utilities.
Direct Labor
The wages and related costs for employees who are directly involved in the production of goods or providing services.
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