A labour-intensive process of production employs:
A) an equal amount of labour, capital, and technology
B) more capital and less labour than other possible production processes
C) more labour and less capital than other possible production processes
D) more labour and more capital than other possible production processes
E) less labour and less capital than other possible production processes
Correct Answer:
Verified
Q2: Which of the following is an output?
A)a
Q3: Which of the following definitions is correct?
A)Accounting
Q4: If,in the production of boxer shorts,labour is
Q5: Marginal product is the:
A)increase in average product
Q6: For the following output data, assume
Q8: The operation of all businesses and industries
Q9: Marginal product:
A)diminishes at all levels of production
B)may
Q10: Which of the following is an implicit
Q11: Consider the following table:
Q12: Suppose that a business had implicit costs
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