The Metonic Cycle Is

question 49

Multiple Choice

The Metonic cycle is

• A)used to keep lunar calendars approximately synchronized with solar calendars.
• B)the 18- year, 11- day period over which the pattern of eclipses repeats.
• C)used to predict the future orientation of the Earth's axis in space.
• D)the ancient Greek name for the cycle of lunar phases that repeats every 29 1/2 days.

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Definitions:

Optimal Factor Mix

The most efficient combination of resources and inputs a firm uses to produce goods or services at the lowest cost.

Resource Markets

Markets where productive inputs, such as labor, natural resources, and capital, are bought and sold.

Productivities

The levels of output or efficiency achieved from a set amount of inputs in production or work processes.

Profit-Maximizing

The process where a firm adjusts its production to achieve the highest possible profit given its constraints.