Liabilities Can Be Calculated by

question 40

Multiple Choice

Liabilities can be calculated by

• A) adding assets to net worth.
• B) subtracting net worth from assets.
• C) adding assets to income.
• D) subtracting expenses from assets.

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Definitions:

Diminishing Marginal Product

The property whereby the marginal product of an input declines as the quantity of the input increases.

Production Function

An equation that describes the relationship between the inputs a firm uses and the output it produces.

Computer Programmers

Individuals who write, test, and maintain the code that allows computer applications and software programs to function properly.

Computer Software

Programs and operating information used by a computer to perform specific tasks or functions.