When a Firm Produces More Output Using the Same Inputs

question 220

Multiple Choice

When a firm produces more output using the same inputs or the same output using fewer inputs we say that the firm

• A)experiences an increase in demand.
• B)experiences positive technological change.
• C)will hire more workers in order to produce more output.
• D)is operating in the short run.

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Definitions:

Basal Metabolic Rate

The pace at which the body expends energy during rest to support critical activities such as respiration and temperature regulation.

Insulation

Materials or substances used to prevent the transfer of heat, electricity, or sound from one area to another.

Lipids

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, and others, serving as a major energy source and structural components of cells.

Glycogen

A multibranched polysaccharide of glucose that serves as a form of energy storage in animals and fungi.