If There Is a Change in the Ability of a Firm

question 235

Multiple Choice

If there is a change in the ability of a firm to produce a given level of output with a given level of inputs,we say there is

• A)human capital investment.
• B)technological change.
• C)an increase in labor productivity.
• D)a movement along a given per-worker production function.

---

Definitions:

Atmospheric Reservoir

refers to the part of the Earth's atmosphere that acts as a storage place for gases and plays a key role in the global climate.

Carbon Cycle

The series of processes by which carbon compounds are interconverted in the environment, chiefly involving the incorporation of carbon dioxide into living tissue by photosynthesis and its return to the atmosphere through respiration, the decay of dead organisms, and the burning of fossil fuels.

Decomposer

Organism, usually a bacterium or fungus, that breaks down organic matter into inorganic nutrients that can be recycled in the environment.

Mushroom

A type of fungus characterized by a cap and stem, with many species producing edible or medicinal fruiting bodies.