Output Is Produced with Capital and Labor

question 13

Multiple Choice

Output is produced with capital and labor.If the price of capital goes up,

• A) the price of output will fall.
• B) output will be increased.
• C) the firm will use more labor per unit of output produced.
• D) None of the above will result when the price of capital goes up.

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Definitions:

Disclosure

The action of making new or secret information known.

Smoking

The act of inhaling and exhaling the smoke of burning plant material, most commonly tobacco, which is known to cause health problems.

Drinking

The act of consuming liquids; in many contexts, it refers specifically to the consumption of alcohol.

Teenage Pregnancies

Refers to pregnancies occurring in individuals who are in their teenage years, often bringing unique social, economic, and health challenges.