A decade ago,Nino decided to open a used car lot.This car lot required her to hire some sales agents and buy some computers to track the sales of the vehicles.After a few years,Nino opened up a second location and hired more sales agents and purchased more computers.When this expansion occurred,which of the following statements is FALSE?
A) More inputs were used.
B) Total possible output increased.
C) The production function changed.
D) Fewer inputs and outputs were used.
E) The business became inefficient during the expansion.
Correct Answer:
Verified
Q16: A restaurant owner just found out that
Q17: Jeremy is the owner of a makeup
Q18: Accounting profit is equal to
A) total revenue
Q19: Which of the following is true about
Q20: Remi owns a small pizza restaurant,where he
Q22: Which of the following statements is true?
A)
Q23: A firm's economic profit is always less
Q24: What would cause a firm's production function
Q25: What happens when a firm adopts a
Q26: The three primary factors of production are
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents