Use the Figure Below to Answer the Following Questions

question 119

Multiple Choice

Use the figure below to answer the following questions.

Figure 11.4.1
-Refer to Figure 11.4.1, which illustrates the total product curves for four different plant sizes. One of the fundamental technological facts reflected in the shape of each of the total product curves is the

• A)price of the inputs.
• B)price of the output.
• C)law of diminishing marginal returns.
• D)law of economies of scale.
• E)fact that capital and labour cannot be substituted for each other.

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Definitions:

Revenue

The total amount of money received by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Accounting Equation

The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Equity.

Cash

Cash refers to the company's currency and coins on hand, including bank account balances, utilized for transactions and operational needs.

Revenue

The total financial proceeds accumulated from a company's chief business endeavors, including sales of services and goods integral to its operations.