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dupoyjohn134 dupoyjohn134
wrote...
Posts: 536
4 years ago

Question 1.

If a firm's sales turn out to be more than expected, inventories will be



▸ lower than expected, and there will be more production in the future.

▸ lower than expected, and there will be less production in the future.

▸ higher than expected, and there will be more production in the future.

▸ higher than expected, and there will be less production in the future.

Question 2.

Due to an increase in the birthrate, the Solid Wood Furniture Company expects an increase in the sale of its cribs over the next few years. The Solid Wood Furniture Company will most likely



▸ keep current production constant, but plan to increase production in the future.

▸ increase current production.

▸ decrease current production so that it can increase production in the future.

▸ not change its current investment plans, but plan to increase investment in the future.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 112 times
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Answer verified by a subject expert
coltonf1coltonf1
wrote...
Posts: 392
4 years ago
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