Answer: d. the production function is unrelated to the marginal product.
Explanation:
production function helps show the relationship between the quantity of inputs used in producing a goods or service and the quantity of output it produces. Example; a bag of seeds produces 5 bushels of seeds.
While marginal output is an increase in the output of the product, when input is when input is constant.
In this case production is in to marginal product.
The answer is true.
In business, you have to prioritize what is the most important task to
do for the day as this might affect your business. You have to choose which is the most to the
least important things to do. The most
important things come first especially if it has a big impact on your career.
Government fiscal policy measures would lower tax rates and expand the money supply.
<h3>What is the economy?</h3>
- An economy is a region where products and services are produced, distributed, traded, and consumed.
- It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
- One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
- These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
- In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
<h3>What do you mean by the government?</h3>
- An organized community is governed by a system or group of individuals, typically a state.
- Government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
- Government is a tool for making policy decisions as well as a way to enforce organizational policies.
- A declaration of the government's guiding principles and philosophy is the equivalent of a form of constitution in many nations.
Learn more about the economy here:
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Answer:
Economic profit can be derived from calculating total revenues minus all of the firm's costs, Economic profit can be derived from calculating total revenues minus all of the firm's costs, including its opportunity costs. are two stark realities any business firm must recognize.
