When a Firm Is Able to Put Idle Equipment to Use

question 84

Multiple Choice

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

• A)Variable costs will rise.
• B)Variable costs will fall.
• C)Fixed costs will fall.
• D)Fixed costs and variable costs will rise.

---

Definitions:

Environmental Regulations

Laws and rules enforced by governments to regulate activities that impact the environment, aimed at reducing pollution and preserving natural resources.

Workplace Safety Regulations

Laws and guidelines designed to ensure the physical safety and health of employees within the workplace.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods such as teaching, training, research, and discussion.

Production Techniques

Methods and processes used in the transformation of inputs into outputs or goods and services.