Which of the following is an example of an indivisible input?
A) the amount of labor a firm hires
B) flour used to produce bread
C) wood used to produce paper
D) train tracks between two cities
Correct Answer:
Verified
Q141: An input is indivisible if
A) it cannot
Q142: Total cost divided by the quantity of
Q143: Assuming that labor is the only variable
Q144: The long-run average cost of production is
Q145: Suppose that in 2012 ABC Corp. produced
Q147: The marginal cost curve always intersects the
Q148: If the average total cost is increasing
Q149: Which of the following is TRUE if
Q150: Explain why the marginal cost curve intersects
Q151: In the long run, diminishing returns would
A)
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