Basic factors of production
Questions: 10 | Attempts: 3530 | Last updated: Mar 22, 2022
Assembly line worker
The following questions are from Chapter 1 Section 1.
Questions: 7 | Attempts: 1966 | Last updated: Mar 21, 2022
Which of the following are factors or production? (Chpt. 1 Sec. 1)
In any business, production and cost are two pivotal processes regarding a business's success and profit. You need to be making sure that the cost of your production does not outweigh the money being brought in. So, let's...
Questions: 26 | Attempts: 4170 | Last updated: Mar 22, 2022
Total revenue equals the quantity of output the firm produces times the price at which it sells its output.