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Directions: Choose the best answer based on the information you read in Chapter Eighteen. Only Sam thinks that the joke he told is ______ funny one.
Factors Of Production
The inputs used in the production of goods or services in the attempt to make an economic profit. These include land, labor, capital, and entrepreneurship.
Input
Resources used in the production process to produce goods or services, such as labor, raw materials, and capital.
Output
The amount of goods or services produced by a company, industry, or economy.
Function
A relation between a set of inputs and a set of permissible outputs, typically defined by a rule that every input is related to exactly one output.
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Q16: Directions: Apply the knowledge you have gained
Q29: List at least seven factors that relate
Q39: Which of the following sets of words
Q47: A chocolate chip cookie contains 11 grams