Assume a Certain Firm Regards the Number of Workers It

question 196

Multiple Choice

Assume a certain firm regards the number of workers it employs as variable.When is this variable assumption often realistic

• A)If the size of its factory is fixed, then it refers to the short run.
• B)If the size of its factory is fixed, then it refers to the long run.
• C)If the size of its factory is not fixed, then it refers to the short run.
• D)If the size of its factory is not fixed, then it refers to the short run and the long run.

---

Definitions:

Rates Of Exchange

The value of one currency for the purpose of conversion to another.

Barter System

An exchange system in which goods or services are directly exchanged for other goods or services without the use of money.

Goods

Physical items that are produced for sale on the market, which can satisfy human wants or needs, such as food, clothes, and cars.

Trade

The exchange of goods, services, or both between two or more parties, either within the same country or across international borders.