Factors of production are
A: the mathematical calculations firms make in determining their optimal production levels.
B: social and political conditions that affect production.
C: the physical relationships between economic inputs and outputs.
D: inputs into the production process.
A: the mathematical calculations firms make in determining their optimal production levels.
B: social and political conditions that affect production.
C: the physical relationships between economic inputs and outputs.
D: inputs into the production process.
举一反三
- In the circular-flow diagram, A: firms own the factors of production. B: the factors of production are labor, land, and capital. C: the factors of production are also called “output.” D: firms produce output using goods and services.
- ________ is a type of technology that centers on large-batch production and requires moderate levels of complexity and sophistication. A: Unit production B: Mass production C: Process production D: Service production
- The<br/>key difference between a competitive firm and a monopoly firm is the<br/>ability to select ( ) A: the level of competition in<br/>the market. B: the level of production. C: inputs in the production<br/>process. D: the price of its output.
- Which of the two cleaning process controls are included by Cleaner Production?() A: control before production B: control after production C: the whole process of production D: the whole process of product cycle
- A production function relates the amount or volume of output to the various inputs of labor, material and equipment.( )