FIGURE EX 7-1 the Area Indicated by #1 in Figure

question 32

Multiple Choice

FIGURE EX 7-1 The area indicated by #1 in Figure EX 7-1 above is ____.

• A) Sheet tabs for the inactive worksheets
• B) Sheet tabs for the active worksheets
• C) Tab scrolling buttons
• D) Custom sheet tabs

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Definitions:

Units of Output

The quantities of a good or service produced by a firm or economy.

Diminishing Returns

is an economic principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.

Labor Input

A measure of the amount of labor used in the production process, typically quantified in labor hours.

Total Product

The total output produced by a firm over a specific period as a result of input.