A Production Method That Relies on Large Quantities of Machines

question 9

Multiple Choice

A production method that relies on large quantities of machines and equipment and smaller quantities of labor is referred to as a:

• A)variable-input-intensive method of production.
• B)labor-intensive method of production.
• C)technology-intensive method of production
• D)capital-intensive method of production.

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Definitions:

Video Game Rental

A service that allows consumers to borrow video games for a limited period of time in exchange for a fee, often operating through physical stores or online platforms.

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Movie Rental

The temporary provision of a movie for viewing on a pay-per-rent basis.

Marginal Utility

Marginal Utility is the additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.