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Zielflug [23.3K]
3 years ago
14

An aggregate production function shows​ ________. A. the relationship between a​ country's output and its price level B. various

combinations of labor and capital that can be used to produce a particular good C. the relationship between a​ country's GDP and its factors of production D. various quantities of two goods that can be produced at a given cost
Business
1 answer:
Maru [420]3 years ago
3 0

Answer:

The correct answer is letter "C": the relationship between a​ country's GDP and its factors of production.

Explanation:

The Aggregate Production Function describes the relationship between a country's Gross Domestic Product (GDP) and the factors of production involved in it. Aggregate Production functions are considered physical and human capital, labor, knowledge, social infrastructure, and natural resources. Production increases as a result of increases in capital, natural resources, and labor.

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Explanation:

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3 years ago
The types of resources needed by a business are financial, physical, and labor resources.
sukhopar [10]

Answer:

a. True

Explanation:

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8 0
3 years ago
Which of the following statements is not accurate descriptions of the business market? Mrs. Phillip, a retail buyer for Blooming
Natali [406]

Answer:

Mrs. Phillip, a retail buyer for Bloomingdale's, does all the shopping for her family at the same store.

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The researchers at Beans Inc., a coffee manufacturing company, developed a new variety of high-quality ground coffee. The new va
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Answer:

competitive advantage

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