-Refer to Figure 8

question 12

Multiple Choice

-Refer to Figure 8.3.Suppose the firm increases output from 20 to 30 units.In the short run,

• A) The firm will employ the same amounts of labour and capital as it would in the long run
• B) The firm will employ 5 more workers and 2 less units of capital than it would in the long run
• C) The firm will employ 5 fewer workers and 2 more units of capital than it would in the long run
• D) Then firm will produce the output at a lower cost than it can in the long run

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Definitions:

Spanish Florida

A territory that was controlled by Spain from 1513 until 1821, covering most of what is currently the state of Florida and parts of the southeastern United States.

Mestizos

Individuals of mixed European and Indigenous American ancestry, a term originally used in the Spanish colonies to describe people of this mixed heritage.

Spanish Borderlands

The territories in North America that were under Spanish control from the 16th to the 19th centuries, including parts of what are now the United States and Mexico.

Colonial Leadership

Refers to the governance and influential figures in the colonies, especially during periods of establishment and before independence.