A 100% Increase in Both Inputs and Outputs Is A(n)

question 77

Multiple Choice

A 100% increase in both inputs and outputs is a(n) :

• A) increase in production with no change in productivity.
• B) increase in productivity.
• C) decrease in production with no change in productivity.
• D) decrease in productivity.

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Definitions:

Liquidated Damages

A contractual provision that specifies a predetermined amount of money that must be paid as damages in the event of a breach of contract.

Anticipatory Repudiation

A party's declaration to not fulfill their obligations under a contract before the performance is due.

Total Breach

A complete failure to perform or fulfill contractual obligations, resulting in the termination of the contract.

Implied Covenant

An obligation between parties that is not explicitly stated in a contract but is presumed to exist to facilitate the contract's purpose and ensure fairness.