In a simple grass-mowing business,the lawn mower and labor would be
A) outputs.
B) inputs.
C) production.
D) profit.
Correct Answer:
Verified
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
Q30: The total cost of production is determined
Q31: An example of variable costs is
A) rent
Q33: _ shows the potential cost for each
Q34: The short-term cost function assumes that
A) All
Q35: Output divided by the number of hours
Q36: Marginal cost generally _ quantity produced.
A) rises
Q37: The price of labor per unit times
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