A Firm Uses Capital and Labour in Production

question 98

Multiple Choice

A firm uses capital and labour in production. To determine if the firm is technologically efficient, it

• A)must know the cost of labour and the cost of capital.
• B)does not need to know the cost of labour or the cost of capital.
• C)must know the cost of labour but not the cost of capital.
• D)must know the cost of capital but not the cost of labour.
• E)must use unionized labour.

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Definitions:

Life Management Curriculum

Educational programs aimed at teaching individuals essential life skills, such as decision making, problem-solving, and emotional self-regulation.

Functional Curriculum

An educational approach focusing on teaching skills and knowledge that are useful and relevant to the student's life.

Academic Responding

The behaviors or actions by students that relate directly to learning and educational tasks, such as answering questions, completing assignments, and engaging in classroom discussions.

Transitional Activities

Activities designed to facilitate a smooth transition from one part of a daily routine to another for individuals or groups.