One Unit of Product a Is Made from Two Units

question 66

Essay

One unit of product A is made from two units of B and four units of C.B is made from two units of D and three units of E.C is made from three units of D and two units of F.Draw a product structure tree.

---

Definitions:

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.

Human Capital

The economic value of an individual's skill set and knowledge, considered an asset in the production process.

Physical Capital

Refers to tangible assets used in the production of goods and services, such as machinery, buildings, and tools.