Question: A firm reduces its workforce due to a decrease in demand for its product. What happens to the production curve? The curve shifts inward, indicating

A firm reduces its workforce due to a decrease in demand for its product. What happens to the production curve?
The curve shifts inward, indicating lower production capacity
The curve shifts outward, indicating an increase in output capacity
The curve becomes steeper, reflecting higher efficiency
The curve moves to a lower point along the same curve
A firm reduces its workforce due to a decrease in

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