The Incorporation of Capital and Labor Saving Technological Advance Will

question 75

Multiple Choice

The incorporation of capital and labor saving technological advance will cause the average cost curve of a firm to:

• A)shift to the left.
• B)shift upward.
• C)shift downward.
• D)turn more sharply in the neighborhood of its minimum.
• E)none of the above.

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Definitions:

Enforced

The act of compelling compliance or obedience to laws, rules, or obligations through the application of authoritative measures.

Uniform Commercial Code

A detailed set of ordinances dictating every commercial transaction in the United States.

Enforceable

Pertaining to a legal agreement or contract that is valid under the law and can be upheld and compelled by legal means in a court of justice.

Writing

A method of recording language through the inscription or recording of signs and symbols.