Assume You Are in the Business of Producing and Selling

question 188

Multiple Choice

Assume you are in the business of producing and selling cars.If you could produce more cars with the same input, what would happen to your productivity and profits assuming the price of your cars remains the same?

• A)increase in productivity, decrease in profits
• B)increase in productivity, increase in profits
• C)decrease in productivity, decrease in profits
• D)decrease in productivity, increase in profits

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Definitions:

Economic Status

An individual's or group's position relative to others based on income, wealth, and occupation, impacting access to resources and life opportunities.

Hospitalized

Admitted to a hospital for treatment, observation, or a medical procedure.

Serious Illness

A health condition that poses a significant risk to an individual’s life or long-term health, often requiring complex care and treatment.

Peptic Ulcers

Sores that develop on the inner lining of the stomach, small intestine, or esophagus, often resulting from infection with H. pylori or the long-term use of NSAIDs.