According to the Text There Appear to Be Very Limited

question 42

Multiple Choice

According to the text there appear to be very limited opportunities for input substitution in the production of pipe organs.Which of the following is the most plausible explanation for this observation?

• A)Capital costs have made it too expensive to purchase more capital stock.
• B)It requires a large amount of highly trained labor to produce a single pipe organ.
• C)The marginal productivity of additional trained workers is zero.
• D)The capital used in producing pipe organs is much more expensive than the labor inputs.

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Definitions:

Widgets

Generic term often used to refer to a hypothetical product or any small device or gadget.

Place of Business

The specific location where a company conducts its operations or where its main offices are located.

Real Property

Real property refers to land and anything permanently attached to the land, such as buildings and structures.

Law of Sales

Governs the sale of goods, defining the rights, duties, and liabilities of buyers and sellers in transactions involving personal property.