An indivisible input is:
A) an input that cannot be seen by the naked eye.
B) an important input that the firm cannot identify.
C) an input that can only be obtained in a certain minimum size.
D) an input the firm cannot stop using.
Correct Answer:
Verified
Q15: The output elasticity of total cost is
Q16: Cost driver is:
A)a mathematical relationship that shows
Q17: Assume that capital is measured along
Q18: Suppose that a firm's production function
Q19: Which of the following is not
Q21: Suppose that a firm's total costs of
Q22: Marginal cost is:
A)the cost per unit of
Q23: Suppose a firm produces 50,000 units of
Q24: For a firm, let total cost
Q25: Economies of scale exist when firms have:
A)increasing
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