Suppose Two Goods (X and Y)are Being Produced Efficiently and That

question 6

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.

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Definitions:

Bodily Functions

Bodily functions refer to the physiological processes and activities performed by the body's systems, including digestion, respiration, circulation, and reproduction.

Health Condition

Any disease, disorder, injury, or other physical or mental impairment that affects an individual's body or mind.

Hypertension

Chronic high blood pressure.

Outward Signs

Observable indicators or manifestations of a condition or phenomenon, often visible to others.