If ΔY₂/ΔY₁ > ΔY₂/ΔY₁ Then

question 28

Multiple Choice

If ΔY₂/ΔY₁ > ΔY₂/ΔY₁ then:

• A) the firm could increase revenue by moving into Y₂
• B) the firm could increase revenue by moving out of Y₂
• C) the firm could increase revenue by remaining at the same output combination
• D) not enough information to answer

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Definitions:

Limit Choices

Refers to reducing the number of options available to make a decision easier or to focus on more viable alternatives.

Constant

Something that remains unchanged or stable over a period of time.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and psychological identity.

Perceive Ourselves

Refers to the way individuals understand and view their own identities, qualities, and self-concept.