A Firm Becomes More Capital Intensive If It Increases the Ratio

question 84

True/False

A firm becomes more capital intensive if it increases the ratio of capital to labor.

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Definitions:

Business' Purpose

The underlying intention or mission that guides a company's operations, typically centered around creating value for customers, employees, and other stakeholders.

Societal Issues

Problems that affect a significant number of people within a society, which are often complex and require collective effort to address.

Environmental Issues

Problems related to the natural environment, such as pollution, climate change, and biodiversity loss, often requiring global action and sustainable practices.

Americans

Citizens or nationals of the United States of America.