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Production costs are determined not only by the prices of inputs, but also by _______. a. intangibles c. competition b. technology d. consumer needs Please select the best answer from the choices provided
{b. technology} Production costs are determined not only by the prices of inputs, but also by technology.
Expert answered|Giana|Points 890|
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Asked 9/21/2012 6:31:33 AM
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Weegy: The answer is "false" User: why doea even a free market economy need need some government intervention? Weegy: Although free market economies are mostly based on the free choices of the buyers and consumers, one reason government intervention is needed is to prevent the creation of monopolies. [ If a monopoly is a natural monopoly or a monopoly that doesn't seem to make too much profit, it can be left alone, but if a monopoly has ... (More)
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Asked 9/18/2012 7:12:53 AM
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Weegy: The answer to your question is C. If she could bake 10 cakes for $16 you would expect her to bake double the amount for double the price. However, she can only bake 14 cakes for 4 extra dollars. [ You can see the definition of decreasing marginal returns (also known as diminishing returns) here: ] User: An entrepreneur knits sweaters for sale. The entrepreneur has fixed costs of $100. When he makes 10 sweaters in one month, he must ... (More)
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The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied. Please select the best answer from the choices provided true
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Asked 9/21/2012 7:57:58 AM
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The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied. Please select the best answer from the choices provided true or false
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Asked 9/21/2012 7:51:24 AM
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