When the Price of an Input _____,A Firm's Least-Cost Production

question 14

Multiple Choice

When the price of an input _____,a firm's least-cost production method never uses ______ of that input and usually employs _____.

• A) increases; less; the same amount
• B) increases; less; more
• C) decreases; more; less
• D) decreases; less; more

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Definitions:

Sensorineural Deafness

A type of hearing loss resulting from damage to the inner ear or the neural pathways from the inner ear to the brain.

Blind Spot

The area of the retina where axons from ganglion cells meet to form the optic nerve.

Pitch

The highness or lowness of a sound, as determined by the frequency of the sound waves.

Lens

A transparent body behind the iris that focuses an image on the retina.