Author Question: The relationship between the inputs employed by a firm and the maximum output that it can produce ... (Read 163 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
The relationship between the inputs employed by a firm and the maximum output that it can produce with those inputs is the firm's
 
  A) production function. B) marginal product of labor.
  C) average product of labor. D) supply curve, or supply schedule.

Question 2

The amount of income a consumer has to spend on goods and services is known as
 
  A) wealth. B) a budget constraint.
  C) purchasing power. D) effective demand.


k.lashomb

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

For a complete list of videos, visit our video library