A Change in the Ability of a Firm to Produce

question 92

Multiple Choice

A change in the ability of a firm to produce a given level of output with a given level of inputs is called:

• A)human capital investment.
• B)an increase in labour productivity
• C)technological change.
• D)a movement along a given per-worker production function.

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Definitions:

Limited-Line Stores

Retail outlets that specialize in a limited number of product lines or categories, offering deep assortments within those lines.

Tremendous Depth

An expression that describes something with great complexity, detail, or intensity.

Limited Service

A type of business or service provision that offers a narrow or restricted range of services, often at a lower cost compared to full-service counterparts.

Target REDcard

A branded payment card offered by Target Corporation, providing users with discounts and benefits when shopping at Target stores or online.