If All Workers Are Able to Specialize and Become More

question 53

Multiple Choice

If all workers are able to specialize and become more productive as more labor is hired,the amount of total output produced ________ at a(n) ________ rate.

• A) increases; decreasing
• B) increases; constant
• C) increases; increasing
• D) decreases; increasing
• E) decreases; constant

---

Definitions:

Percent Markup

A percentage added to the cost price of goods to calculate the selling price.

Printer/Copier/Fax Machine

Office equipment that combines the functionalities of printing, copying, and faxing into a single device.

Dollar Markup

The difference between the cost of a good or service and its selling price, expressed in dollar terms.

Ratchet-Style

A mechanism or approach that permits only incremental increases or improvements, often without the possibility of reversal.