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Which of the Following Is Not an Example of a Factor

question 50

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Which of the following is not an example of a factor of production?


Definitions:

Capacity

The maximum level of output that a company can sustain to make a product or provide a service, given available resources.

Operating Loss

A financial situation where a business's operating expenses exceed its revenues.

Variable Cost

Expenses that change in proportion with the production activity of a business.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, or insurance.

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