The goods or services purchased by a business for immediate use in the production process are known as
A) intermediate inputs.
B) intermediate outputs.
C) production inputs.
D) production processes.
Correct Answer:
Verified
Q19: Businesses have two types of cost: fixed
Q20: Inputs for a business are the goods
Q21: In a simple lawn-mowing business where you
Q22: _ is the amount of money a
Q23: Variable costs are also known as
A) long-term
Q25: The added expense of producing one more
Q26: Economists think of a business as a
Q27: Many times,technology is _ in the equipment
Q28: The extra amount of output a business
Q29: Variable costs are relevant for
A) long-term strategic
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