Of the Following,which Is the Least Likely to Represent a Firm's

question 92

Multiple Choice

Of the following,which is the least likely to represent a firm's long-run decision?

• A)What should be the size and design of a firm's new plant?
• B)Should the firm choose a method of production that uses relatively more capital than labour?
• C)By how much should output be expanded from existing plants?
• D)Should the firm invest resources in the development of better technologies?
• E)What technique (technology)is the best to use under current factor pricing?

---

Definitions:

Federal Government Spending

Expenditure by the federal government on goods, services, and transfers to individuals and other governmental units.

Defense

Actions, strategies, and systems designed to protect a country from external threats and maintain national security.

Social Security

Social Security is a government program that provides financial assistance to people with an inadequate or no income, including the elderly, disabled, and survivors.

Medicare

A federal health insurance program primarily for individuals aged 65 and over, as well as for some younger people with disabilities.