Ask Question
BusinessBusiness
25 July, 23:51

Select the components or inputs associated with the production function where gross domestic product (GDP)

(A) the output.

(B) population aggregate

(C) supply capital

(D) deepening aggregate

(E) demand physical capital

+5
Answers (1)
  1. 26 July, 00:22
    0
    A) the output

    Explanation:

    The production function describes a boundary or frontier representing the limit of output obtainable from each feasible combination of inputs.

    Firms use the production function to determine how much output they should produce given the price of a good, and what combination of inputs they should use to produce given the price of capital and labor.

    The production function also gives information about increasing or decreasing returns to scale and the marginal products of labor and capital.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Select the components or inputs associated with the production function where gross domestic product (GDP) (A) the output. (B) population ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Sobota Corporation has provided the following partial listing of costs incurred during August: Marketing salaries $ 51,900 Property taxes, factory $ 10,300 Administrative travel $ 105,000 Sales commissions $ 52,400 Indirect labor $ 44,100 Direct
Answers (1)
A homeowner originally purchased a new home for $244,900. During the period of ownership, the homeowner spent $27,000 in capital improvements. The homeowner sold the home 16 years later for $329,900.
Answers (1)
I. Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detrimental effects strikes has on various stakeholders in an economy.
Answers (1)
When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?
Answers (1)
It is very important to you that your work allows you to use your best abilities. You want to see the results of your work and get a feeling of accomplishment. You value
Answers (1)
New Questions in Business
Bob Denton of Denton Pest Control buys equipment from Allied Tools because Allied hires him to spray its warehouse for insects periodically. This practice is an example ofA) cost-benefit trading. B) cooperative selling. C) reciprocity.
Answers (1)
The most prominent data manipulation language today is: A. Access B. DB2 C. SQL D. Query-building tool
Answers (1)
The revenue recognition principle dictates that revenue should be recognized in the accounting records: a. when cash is received b. in the period that income taxes are paid c. when it is earned. d. at the end of the month.
Answers (1)
Which of the following involves trading partial ownership interests for capital? A) Equity financing B) Debt financing C) Partnership financing D) Corporate financing
Answers (1)
Rockingham Motors issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 103.1 percent of its face value. The company's tax rate is 34 percent. What is the aftertax cost of debt?
Answers (1)
Home » Business » Select the components or inputs associated with the production function where gross domestic product (GDP) (A) the output. (B) population aggregate (C) supply capital (D) deepening aggregate (E) demand physical capital
Sign Up Forgot Password?