Consider the Production Function for Bottled Water

question 9

Multiple Choice

Consider the production function for bottled water.All of the following would be considered variable inputs except:

• A)the plastic bottles.
• B)the water the bottles are filled with.
• C)the machine used to fill each bottle.
• D)the electricity used to power the machine used to fill the bottles.

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Definitions:

Supply Curve

A graphical representation used in economics to show the relationship between the price of a good and the quantity of the good that suppliers are willing and able to supply at various prices.

Movement

A change or shift in position, location, or state, either physically, socially, economically, or politically.