A decade ago, Tadashi opened a medical supply wholesale business. This venture required him to hire sales agents and buy computers to track inventory and sales. After a few years, Tadashi opened a second location and hired more sales agents and purchased more computers. When this expansion occurred, which of the following statements is definitely true? Group of answer choices More inputs were used. Total possible output decreased. The production function changed. Fewer inputs were used. The business became inefficient during the expansion.

A decade ago, Tadashi opened a medical supply wholesale business. This venture required him to hire sales agents and buy computers to track inventory and sales. After a few years, Tadashi opened a second location and hired more sales agents and purchased more computers. When this expansion occurred, which of the following statements is definitely true? Group of answer choices More inputs were used. Total possible output decreased. The production function changed. Fewer inputs were used. The business became inefficient during the expansion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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