One Cubic Centimeter Is Equivalent to How Many Milliliters

question 3

Multiple Choice

One cubic centimeter is equivalent to how many milliliters?

• A)0.1
• B)1
• C)10
• D)100

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Definitions:

Least-Cost Combination

A production point where the mix of inputs results in the lowest possible cost for a given output level.

Input Prices

The prices of the resources (like labor, materials, and capital) used in the production of goods or services.

User Cost

The cost of using a resource, which includes the opportunity cost of not keeping the asset intact or not using it for an alternative purpose.

Rental Rate

Cost per year of renting one unit of capital.