Purchasing additional equipment for more people to use or share in a production environment usually results in a
A) higher level of output.
B) more expensive level of output.
C) backlog of production.
D) worker sharing his or her load.
A
Economics
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Refer to Figure 13-19 to answer the following questions
a. What is the productively efficient output? b. What is the allocatively efficient output? c. What is the amount of excess capacity? d. Suppose the firm is currently producing 14 units. What happens if it increases output to 17 units?
Economics
Price discrimination by a firm is
a. illegal under all circumstances. b. legal if the firm can show that the difference in the prices charged customers is justified by a difference in the costs of serving them. c. legal if the firm can show that the demand for its good is relatively elastic. d. legal under all circumstances.
Economics