A factory produces more units than in the previous year.
A factory uses fewer resources than in the previous year.
A factory produces fewer units using more resources than in the previous year.
A factory uses fewer resources to produce more units than in the previous year.
Division of labor
Low wages and productivity
New knowledge and processes
Extra charges incurred when workers demand higher wages
Extra charges incurred when a business ships additional goods
Expenses that increase or decrease with the rate of productionê
Expenses that remain unchanged regardless of the rate of production
It utilized the concept of division of labor to improve efficiency
It helped companies train employees to do a wide variety of jobs
It required workers to have comprehensive knowledge of all production tasks
It improved product quality by slowing down the time needed to produce cars
Profit per vehicle is highv
All cars produced are sold
The ratio of cars produced per input is high
The output of cars produced per year increases
Different companies specialize in producing similar productsjobs
Each worker performs a specific task in the production process
Workers share shifts with other workers on the job to increase production
Unions protect jobs and benefits by organizing employees in different industries
Restricting consumer choices
Obtaining government loans and subsidies
Increasing production output for all products and services
Reducing production costs and making higher quality productsjobs
I and II
I and III
II and III
I, II and II
The amount of profit gained from output
The increase in goods produced from input
The increase in profit per unit of input per hour
The amount of output produced per worker per hour
Increase current productionÿà¥
Continue running their businesses as usualp\
Use productive resources in different ways
Output divided by input
Profit divided by losses
Price divided by production cost
Output divided by quantity demanded
Workers who are more productive are likely to earn higher wages.
Companies with productive workers are likely to earn lower profits.
The productive output of a country determines its inflation rate.
The productive output of a country determines income tax rates.
A loan payment
An electric bill
A building’s rental cost
An employee’s health insurance cost
Higher total output of goods and services
Higher profit margins on goods and services
More goods and services are produced at increased prices
More goods and services are produced with the same resources
Result from equipment that wears out over time
Result from executive salaries and property taxes
Increase or decrease with the rate of production
Remain unchanged regardless of productive output
They reduce employment opportunities and standards of living.
They require productivity losses in exchange for reduced upfront costs.
They require short-term costs in exchange for improved long-term results.
They create little or no opportunity costs or economic risks for companies.
Higher tax rates on its workers' incomes
Improvements in its trade relations
Advances in its technology
None of the above
Total value of stocks traded on the nation's major stock exchanges
Amount of labor required to produce the nation's goods and services
Average costs to employers for producing the nation's most commonly used goods
Total value of final goods and services produced per year within the nation's borders
The company paid lower wages to the workers\
The workers increased their productivity
The demand for automobiles decreasedm
None of the above
Lower rates of inflation in Country A
Lower levels of consumer spending in Country A
Higher rates of unemployment in Country A
Higher standards of living for people in Country AL
Production costs are rarely if ever passed along to consumers
Entrepreneurs generally increase production when their own costs go up
Production cost increases are likely to increase consumer demand for goods
Consumers may ultimately have fewer choices as a result of higher production costs
The lowest total costs
The highest possible revenues
The most equality between costs and revenues
The greatest positive difference between costs and revenues
1 item per worker per hour
2 items per worker per hour
3.5 items per worker per hour
7 items per worker per hour
Distribute work evenly
Lower transaction costs
Paying higher wages
Saving more money
Learning new skills
Wages for workers
Monthly shipping charges
Rent for a company’s warehouse
Raw materials used in production
An increase in profits from goods and services in the short run
An improved standard of living for a nation's government officials
A higher level of employment in manufacturing and agriculture
A sustained increase in the nation's production of goods and services
It can increase productivity, because it increases a worker's abilities on the job.
It can raise future standards of living, because workers will be more productive.
It can reduce the cost of doing business, because workers will be more productive.
All of the above.
Total cost falls as more units are produced.
Average fixed cost falls as more units are produced.
Average variable cost falls after reaching the point of diminishing returns.
Total fixed cost falls, then increases after reaching the point of diminishing returns.
Fewer job options
Increased production costs
Exclusion from the job market