In the Long Run, a Firm Can Increase Production by

question 27

Multiple Choice

In the long run, a firm can increase production by

• A)increasing variable costs.
• B)increasing capital input.
• C)reducing labor input.
• D)shutting down.
• E)minimizing fixed costs.

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Definitions:

Non-current Liabilities

Long-term financial obligations listed on a company's balance sheet that are not due within the next 12 months, such as loans, leases, and bond repayments.

Canada Pension Plan

A mandatory retirement savings plan to which employees and employers contribute, providing participants with a predictable income upon retirement.

Payroll Register

A payroll register is a record that details the wages, deductions, and net pay of all employees for each pay period.

CPP Payable

Refers to the amount owed by companies or individuals for contributions to the Canada Pension Plan, a key component of Canada's public retirement system.