When a Firm Produces More Output Using the Same Inputs

question 220

Multiple Choice

When a firm produces more output using the same inputs or the same output using fewer inputs we say that the firm

• A)experiences an increase in demand.
• B)experiences positive technological change.
• C)will hire more workers in order to produce more output.
• D)is operating in the short run.

---

Definitions:

Iron

A chemical element with symbol Fe, important in biological processes and industrial applications.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the principal constituent of Earth's hydrosphere and the fluids of most living organisms.

Van Der Waal Interactions

Weak attractions between molecules or parts of molecules that result from transient local partial charges.

Nonpolar Molecules

Molecules that do not possess distinct poles or charges, making them not easily soluble in water.