When a Firm Is Able to Put Idle Equipment to Use

question 459

Multiple Choice

When a firm is able to put idle equipment to use by hiring another worker,

• A)variable costs will rise.
• B)variable costs will fall.
• C)fixed costs will fall.
• D)both fixed costs and variable costs will rise.

---

Definitions:

Cosmopolitan Character

The quality of being worldly and open to a variety of cultures, ideas, and experiences.

Teotihuacán

An ancient Mesoamerican city located in the Basin of Mexico, known for its pyramids and complex urban layout, significant in pre-Columbian history.

Pilgrimage Site

A location of great spiritual significance to which believers travel in order to perform religious practices or rituals.

Division of Labor

An economic concept where production tasks are divided among different individuals or groups, leading to specialization and increased efficiency.