Which of the Following Is a Condition That Will Result

question 17

Multiple Choice

Which of the following is a condition that will result in the demand for labor being inelastic?

• A) The task can be performed easily using capital or labor.
• B) The demand for the good is elastic.
• C) Capital is a small share of the firm's total costs.
• D) Labor is a small share of the firm's total costs.
• E) The supply of capital is inelastic.

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Definitions:

Biometrics

The use of one or more devices that can authenticate someone based on one or more physical traits such as a fingerprint, an eyeball (retina), or a hand, or a behavioral trait such as voice or signature.

Facial Recognition

A technology that identifies or verifies a person's identity using their facial features.

Anti-malware

Software used to protect the operating system and applications.

Firewall

A network security device that monitors and controls incoming and outgoing network traffic based on predetermined security rules.