In a Firm, All Other Things Remaining the Same, If

question 14

Multiple Choice

In a firm, all other things remaining the same, if the material usage per unit of final product decreases to half of the current usage, then the firm will

• A)double the material productivity
• B)increase the multifactor productivity
• C)both A and B
• D)decrease capital productivity
• E)have no effect on productivity.

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Definitions:

Codicil

A supplement or amendment to a will, allowing for changes or additions without requiring the will to be completely rewritten.

Probate

The legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off.

Constructive Trust

A legal remedy imposed to address unjust enrichment, where property is held by someone who should not profit from it.

Incorporated by Reference

A method in legal documents where the contents of an external document are made a part of the main document by mentioning it explicitly.