Suppose Two Goods (X and Y )Are Being Produced Efficiently

question 26

Multiple Choice

Suppose two goods (X and Y ) are being produced efficiently and that the production of X is always more labor intensive than the production of Y.Production depends only on two factors (capital and labor) ; these may be smoothly substituted for each other.The total quantities of these inputs are fixed.An increase in the production of X and a decrease in the production of Y will

• A)increase the capital-labor ratio in each firm.
• B)decrease the capital-labor ratio in each firm.
• C)leave the capital-labor ratio for each firm unchanged.
• D)increase the capital-labor ratio in Y production and decrease the capital-labor ratio in X production.

Develop the ability to identify key features of conic sections such as center, radius, vertices, co-vertices, and foci.

Enhance skills in graphing equations of parabolas, circles, and ellipses.

Apply knowledge of algebra to solve geometrical problems related to parabolas, circles, and ellipses.

Understand the different reasons and motivations for corporate mergers and acquisitions.