The tasks performed by the chef at your favorite restaurant could be categorized as
A) a good.
B) an economic good.
C) a service or intangible good.
D) All of the above are correct.
D
Economics
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The legally bound obligation to pay debts:
a. note of stockhold b. dividend c. note of Stockholm d. liability e. stock and bondhold
Economics
For a perfectly competitive firm, the value of the marginal product is
A) the same thing as marginal factor cost. B) the same thing as marginal physical product. C) marginal physical product times the product price. D) marginal physical product times the wage rate.
Economics