In a typical production function, the relevant factors of production are land, labor, capital, and

In the above figure, if the price level is 150

A) total planned production exceeds total expenditures. B) total planned production is less than total expenditures. C) total expenditures exceed total planned expenditures. D) total planned production equals total expenditures.

A Treasury security with an original maturity of twenty years is called a

A) bond. B) note. C) bill. D) debenture.