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ECO 2301

Question:
A firm replaces a machine by hiring 3 hourly production workers instead.
A. Both its fixed and variable costs will fall.
B. Both its fixed and variable costs will rise.
C. Its fixed costs will rise and its variable costs will fall.
D. Its fixed costs will fall and its variable costs will rise.
Answer:
D
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Last update by kendallholekamp on 11/30/2012
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ECO 2301
ECO 2301
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Question: A firm replaces a machine by hiring 3 hourly production workers instead. A. Both its fixed and variable costs will fall. B. Both its fixed and variable costs will rise. C. Its fixed costs will rise and its variable costs will fall. D. Its fixed costs will fall and its variable costs will rise.
Answer: D