Add $\begin{array} { r } 3 \text { tons } \quad1300 \mathrm { lb } \\+ 4 \text { tons } \quad1000 \mathrm { lb } \\ \hline\end{array}$

question 71

Multiple Choice

Add: $\begin{array} { r } 3 \text { tons } \quad1300 \mathrm { lb } \\+ 4 \text { tons } \quad1000 \mathrm { lb } \\ \hline\end{array}$

• A) 7 tons 2300 lb
• B) 9 tons 300 lb
• C) 7 tons 200 lb
• D) 8 tons 300 lb
• E) 8 tons 400 lb

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Definitions:

Input

Resources used in the production process of goods and services, including raw materials, labor, and capital.

Decreasing Returns

A concept in economics where each additional unit of input results in a progressively smaller increase in output, often observed in production processes.

Marginal Product

The additional output that is produced by using one more unit of a particular input while holding other inputs constant.

Factor

An element or component, such as land, labor, and capital, that is used in the production of goods and services.