Which of the Following Is Not a Physical Resource Consideration

question 25

Multiple Choice

Which of the following is not a physical resource consideration?

• A)quality of distribution network
• B)favorable locations
• C)production capacity
• D)All of the above are physical resource considerations.

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Definitions:

Marginal Cost

This refers to the cost incurred in the production of one additional unit of goods or services, emphasizing its role in pricing and production decisions.

Trusts

Legal arrangements where one party holds property or assets on behalf of another party, often used for the purpose of managing, protecting, or passing on wealth or property.

Production

The act of blending various tangible and intangible inputs, including designs and know-how, to create an end product for use.

Oligopolists

Firms within a market structure where a small number of companies have significant market control.