When a Firm Is Able to Put Idle Equipment to Use

question 459

Multiple Choice

When a firm is able to put idle equipment to use by hiring another worker,

• A)variable costs will rise.
• B)variable costs will fall.
• C)fixed costs will fall.
• D)both fixed costs and variable costs will rise.

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Definitions:

Italian Masters

Refers to the renowned artists of the Italian Renaissance and Baroque periods, known for advancing techniques in painting, sculpture, and architecture.

Rubens

Refers to Peter Paul Rubens, a Flemish artist of the Baroque period known for his vivid, dynamic compositions, and voluptuous figures in historical, religious, and mythological paintings.

Clara Peeters

A pioneering female Flemish painter of the early 17th century, known for her detailed still-life works, especially those illustrating food and flowers.

Breakfast Pieces

Still-life paintings or artworks depicting morning meals, popular in European art, particularly in the Dutch Golden Age.