O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2015 · Q131 Mark

When is a firm considered more capital-intensive than another firm?

Awhen it has a lower ratio of workers to machines than the other firm

Bwhen it has fewer workers than the other firm

Cwhen it has higher variable costs than the other firm

Dwhen it has more machines than the other firm

✓ Correct answer

A: when it has a lower ratio of workers to machines than the other firm

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 1, question 13.

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