Complete the Following: Metric System: the Basic Unit of Length

question 96

Short Answer

Complete the following: Metric system: The basic unit of length is the _________________ which is abbreviated _____. The basic unit of volume is the ___________ which is abbreviated _______. The basic unit of weight is the ___________ which is abbreviated _______.

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Definitions:

Least-Cost Combination

The least-cost combination is an economic principle that refers to the mix of factors of production that minimizes costs for a given level of output.

Resources

Inputs used in the production of goods and services, such as labor, capital, land, and entrepreneurship.

Output

The total amount of goods or services produced by a company, industry, or economy over a specific period of time.

Least-Cost Combination

is an economic principle where firms aim to produce a given output at the minimum possible cost by choosing the optimal combination of inputs.