-Based on the Production Function in the Above Figure, Which

question 59

Multiple Choice

-Based on the production function in the above figure, which of the following is an attainable combination of labour and real GDP?
i. 300 billion hours of labour and real GDP of $20 trillion
ii. 300 billion hours of labour and real GDP of $8 trillion
iii. 100 billion hours of labour and real GDP of $12 trillion

• A) i only
• B) ii only
• C) iii only
• D) ii and iii
• E) i and ii

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Definitions:

Marketing Mix

The strategic combination of four key elements—product, price, place, and promotion—used by businesses to meet their marketing objectives and satisfy customer needs.

Internet Sites

Websites hosted online, accessible through the internet, providing information, services, products, or platforms for interaction.

Kiosks

Interactive standalone units providing information or services, often used in retail, hospitality, and public service sectors for transactions or display purposes.

Dealer Networks

A structured system of intermediaries or distributors that a company uses to retail its products to the end consumers.