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Choose the one alternative that best completes the statement or answers the question.
Complete the identity.
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Planned Output
The quantity of goods or services that a company intends to produce in a specific period.
Production Function
A mathematical relationship expressing the output generated by a firm from different quantities of inputs.
Capital
Economic resources that are used to produce goods and services, including buildings, machinery, tools, and equipment.
Labor
The human effort, including both physical and mental, used in the production of goods and services.
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