Arrange the Quantities in Order from Smallest to Largest

question 13

Multiple Choice

Arrange the quantities in order from smallest to largest.
-9800 ml, 0.06 kl, 6 l

• A) 0.06 kl, 6 l, 9800 ml
• B) 9800 ml, 6 l, 0.06 kl
• C) 6 l, 9800 ml, 0.06 kl
• D) 9800 ml, 0.06 kl, 6 l

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Definitions:

Returns To Scale

The change in output as a result of a proportional change in all input factors in the production process.

Marginal Product

The additional output resulting from the use of one more unit of a production factor, holding other factors constant.

Factor X

An unspecified or unknown factor that can influence outcomes in an economic model or analysis.

Production Function

A mathematical model that relates the amount of output produced to the quantities of various inputs or factors of production.