__________ Is/are the Technology Used to Transform Inputs into Outputs

question 42

Multiple Choice

__________ is/are the technology used to transform inputs into outputs.

• A)Physical resources
• B)Management tools
• C)System process
• D)Human resources

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Definitions:

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

Marginal Utility

The change in satisfaction or benefit derived by consuming an additional unit of a good or service.

Utility

In the field of economics, the complete enjoyment or benefit derived from the consumption of a product or service.