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Author Question: The relationship between the inputs employed by a firm and the maximum output that it can produce ... (Read 164 times)

vinney12

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on: Jun 29, 2018
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.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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k.lashomb

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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