Cost Functions Show

question 6

Multiple Choice

Cost functions show

• A) that one of the functions of production is to incur costs.
• B) the relationship between various costs of production and output.
• C) the amount of output per unit of input.
• D) the demand for factors of production.
• E) how production costs are derived from input-output price ratios.

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Definitions:

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

Replication

The process of repeating a research study or experiment to verify its results.

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Variations in characteristics, behaviors, and roles traditionally associated with being male or female in a given society.

Sexual Activity

Any activity that involves sexual contact or stimulation.