Production Questions and Answers (Q&A)

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D- What to produce, how to produce, and for whom to produce?

3 Answers

Whenever a company is selling a product, there are different costs associated with that one product. The owner must determine how much that product costs them to make or procure. However, there are other costs associated with that product. These include the store housing that product and...Read More

2 Answers

A. Marginal product refers to the change in output that occurs when the input has been changed. An example would be producing more containers in a factory when an additional worker is added to the line. The average product refers to the output when no change is made to the input. Change...Read More

1 Answer

In response to your answer, what you are discussing is a tilt up or down which is different from pedestalingup or down

1 Answer

The given statement is false. Opportunity cost represents the worst of the various alternatives that must be given up when a choice is made in the context of scarcity

1 Answer

D. is the correct answer. C sounds good, but the factors described in C. would cause the PPF to shift inside. You would be operating on your PPF, not inside it.

1 Answer

The clock reference is the timecode of the video, or the time address information. The positional reference is how fast it’s going. For example, at 3:21 into a music lyric video, the song is probably fading out and really slow. However, at that same point in an action movie, we may be...Read More

1 Answer

I typed "1" and it said it was incorrect

1 Answer

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