The rate at which a firm can substitute capital for labour and hold output constant is the ?

Related Mcqs:

Which of the following is most likely to be a variable cost for a firm ?

A. The franchiser’s fee that a restaurant must pay to the national restaurant chain B. The payroll taxes that are paid on employee wages. C. The monthly rent on office space that it leased for a year D. The interest payments made on loans....

The normal rate of profit for relatively risk-free firms will be _________ the interest rate on risk-free government bonds?

A. approximately one-half B. smaller than C. larger than D. approximately equal to...

The formula for average variable cost (AVC) is ?

A. DTVC/Dq B. q/TVC C. Dq/DTVC D. TVC/q...

A form of industry structure characterized by a few firms, each large enough to influence market price is ?

A. perfect competition B. monopolistic competition C. oligopoly D. monopoly...

An industry that has a relatively small number of firms that dominate the market is called ?

A. a colluding industry B. a merged industry C. a concentrated industry D. a natural monopoly...