If a factor of production can be used to produce either good A or good B,then A and B are
A)substitutes in production.
B)complements in production.
C)substitutes.
D)complements.
E)normal goods.

Question

Quizplus · Accepted Answer

If a factor of production can be used to produce either good A or good B, it means that the factor can be substituted between the two goods. Therefore, A and B are substitutes in production.

If a Factor of Production Can Be Used to Produce