The Graph Shows a Firm That Buys Its Inputs and Sells

question 112

Multiple Choice

The graph shows a firm that buys its inputs and sells its output in competitive markets. If the firm develops a new technology that increases labor productivity, the equilibrium level of employment for this firm is expected to be

• A)L₀ .
• B)zero.
• C)lower than L₀ .
• D)higher than L₀ .

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Definitions:

Isomers

Compounds with the same molecular formula but different structural arrangements, leading to different physical and chemical properties.

Common Name

A non-systematic name of a chemical compound, usually based on its history or source, rather than its chemical structure.

Alkane

Saturated hydrocarbons consisting entirely of single bonds between carbon atoms, and are known for their stability and lack of reactivity.

N-alkane

A type of alkane where the carbon atoms are arranged in a straight chain without any branches.