The relationship between the inputs employed by a firm and the maximum output it can produce with those inputs is called the firm's
A) total factor productivity.
B) marginal production level.
C) technological ratio.
D) production function.
D
Economics
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Japan imposes a tariff on imported rice. In Japan, surplus will be redistributed from
A) consumers to producers and government. B) consumers to producers. C) consumers to government. D) government to producers.
Economics
A speculator in foreign exchange is a person who
a. buys foreign currency, hoping to profit by selling it at a higher exchange rate at some later date b. earns illegal profit by manipulating foreign exchange c. causes differences in exchange rates in different geographic markets d. simultaneously buys large amounts of a currency in one market and sells it in another market e. takes no risks in foreign currency exchanges
Economics