The two most important factors of production are:
A) goods and services.
B) labour and energy.
C) capital and labour.
D) saving and investment.
Correct Answer:
Verified
Q4: The neoclassical theory of distribution:
A) was developed
Q12: If bread is produced using a constant
Q13: An economy's factors of production and its
Q14: A production function is a mathematical relationship
Q15: The marginal product of capital is:
A)output divided
Q17: Unlike the real world, the classical model
Q18: The marginal product of labour is:
A)output divided
Q19: The assumption that the factor's supply is
Q20: A competitive, profit-maximizing firm hires labour until
Q21: According to a recent report from the
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