The technology or knowledge necessary for the production process is called
A) Production input.
B) Business know-how.
C) Technology input.
D) Knowledge input.
Correct Answer:
Verified
Q35: Output divided by the number of hours
Q36: Marginal cost generally _ quantity produced.
A) rises
Q37: The price of labor per unit times
Q38: Average product is not as reliable an
Q39: If you add too many inputs,your business
Q41: In the process of long-term profit maximization,the
Q42: If Sara can produce 25 muffins for
Q43: The difference between long-term and short-term profit
Q44: _ is the added revenue from producing
Q45: Explain how marginal product can be negative.
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