To Produce 150 Units of Output, a Firm Must Use

question 152

Multiple Choice

To produce 150 units of output, a firm must use 3 employee-hours. To produce 300 units of output, the firm must use 8 employee-hours. Apparently, the firm is:

• A)producing in the long run.
• B)experiencing diminishing returns.
• C)not using any fixed factors of production.
• D)experiencing negative returns.

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Definitions:

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and mental and interpersonal control, at the expense of flexibility, openness, and efficiency.

Anxiety Disorder

A category of mental health disorders characterized by excessive worry, fear, and anxiety that significantly interferes with daily functioning.

Dependent Personality Disorder

A mental health condition characterized by an overreliance on others for emotional support and decision making.

Cognitive-Behaviorist

A practitioner of a psychological approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.