A firm becomes more capital-intensive when it:
A) reduces the ratio of output to capital.
B) increases the ratio of output to labor.
C) reduces the ratio of capital to labor.
D) increases the ratio of capital to labor.
Correct Answer:
Verified
Q162: At quantities greater than the long-run least
Q163: If a firm increases the ratio of
Q164: Heavenly Delights, an ice cream maker, has
Q165: The chief difference between the long- and
Q166: When a firm maximizes output for a
Q168: At quantities less than the long-run least
Q169: At the long-run quantity of output, where
Q170: The lowest cost per unit at each
Q171: As a firm increases its use of
Q172: Bev's Bakery, a donut maker, has discovered
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