A Tractor Is an Example of Which of the Following

question 176

Multiple Choice

A tractor is an example of which of the following factors of production?

• A)capital
• B)labour
• C)land
• D)entrepreneurship
• E)energy

---

Definitions:

Urban Land

Urban land refers to land that is used or designated for use in cities or towns, and includes a range of uses from residential to commercial and industrial.

Long-Run Cost Function

A relationship that shows the lowest cost at which a firm can produce any given level of output in the long run, where all inputs are variable.

Marginal Cost Function

is a mathematical representation that shows how the cost of producing one additional unit of a good varies as the quantity of production changes.

Telecommunication Tax

Taxes that are applied specifically to telecommunication services provided to consumers, including telephone and internet services.