A _____ is an organization that produces goods or services for sale.
A) production function
B) firm
C) variable input
D) fixed input
Correct Answer:
Verified
Q10: In economics,the short run is:
A)less than 1
Q11: A fixed input is one:
A)that only exists
Q12: In the long run:
A)all inputs are fixed.
B)inputs
Q13: The idea of diminishing returns to an
Q14: The _ is the increase in output
Q16: Use the following to answer question:
Q17: An input whose quantity can be changed
Q18: In the short run:
A)all inputs are fixed.
B)all
Q19: Diminishing returns to an input occur:
A)when all
Q20: An input whose quantity CANNOT be changed
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