Industrial machinery is an example of
A)a factor of production that in the past was an output from the production process.
B)technological knowledge.
C)a production function.
D)an item which always has the property called constant returns to scale.

Question

Quizplus · Accepted Answer

Industrial machinery is an example of a factor of production that was once an output from the production process, as machinery itself is produced before it can be used in the production of other goods.

Industrial Machinery Is an Example of