In the Short Run,firms Increase Output

question 2

Multiple Choice

In the short run,firms increase output

• A) only by increasing the size of their plant.
• B) only by decreasing the size of their plant.
• C) only by increasing the amount of labor used.
• D) only by decreasing the amount of labor used.
• E) either increasing the amount of labor used or increasing the size of their plant.

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Definitions:

Ambiguous

This refers to something that is open to more than one interpretation or has a double meaning, making it unclear or uncertain.

Irreconcilable Differences

A term often used in divorce law to indicate that a couple cannot resolve their disagreements and thus cannot remain married.

Divorce Act

Legislation that regulates the legal process of ending a marriage, including the division of property, custody of children, and financial support.

Nuclear Family

An adult male, an adult female, and their offspring.