Which of the following would have the least amount of influence on a manager's choice of which inputs to employ in a production process?
A)The price of a competitor's output.
B)The technology of the production process.
C)The marginal productivity of the inputs that can be used in the production process.
D)The prices of the inputs that can be used in the production process.

Question

Quizplus · Accepted Answer

The price of a competitor's output may impact a manager's decision on what price they can sell their output for, but it would have little to no influence on which inputs they choose to employ in the production process. Inputs are chosen based on their productivity and cost effectiveness, which are determined by factors such as technology, marginal productivity, and input prices.

Which of the Following Would Have the Least Amount of Influence