Which of the following is a variable input?
A) production plants
B) machinery
C) land available for cultivation
D) labour
E) office buildings
Correct Answer:
Verified
Q14: For the following output data, assume
Q15: An explicit cost is:
A)omitted when accounting profits
Q16: Implicit and explicit costs are different in
Q17: The first,second,and third workers employed by a
Q18: Which of the following statements best expresses
Q20: Businesses choose from several production processes by:
A)producing
Q21: Which of the following is most likely
Q22: If in the short run a business's
Q23: Average fixed cost:
A)is intersected by marginal cost
Q24: Marginal cost:
A)intersects both the average variable cost
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