Which Resource Is NOT One That Pertains to the Production

question 183

Multiple Choice

Which resource is NOT one that pertains to the production of rice?

• A)fertile land
• B)labor
• C)capital equipment
• D)money

Understand the appropriate language and perspectives for discussing people with disabilities.

Identify when passive and active voices should be used in writing.

Recognize the required level of formality in technical communication.

Identify grammatical errors such as comma splices and run-on sentences.

---

Definitions:

Relatively Inelastic

Describes a situation where the demand or supply of a good or service changes minimally in response to changes in price.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as production volume increases.

Marginal Revenue Curve

A graphical representation showing how a firm's revenue changes with each additional unit of output sold, typically declining in perfectly competitive markets.

Total Revenue Curve

A graph showing how total revenue changes as the quantity sold of a product or service changes, holding the price constant.