Table 2-1 -Refer to Table 2-1. Based on the Information in the the Information

question 59

Multiple Choice

Table 2-1

-Refer to Table 2-1. Based on the information in the table, what is the ratio of the intensity of Dra to that of Nim

• A)2.512
• B)5
• C)8.07
• D)11.14
• E)100

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Definitions:

Output

Output is the total amount of goods and services produced by an economy or business over a set period, quantifying productivity and economic activity.

Short Run

A period in economics where at least one input (e.g., capital) is fixed, focusing on immediate effects rather than long-term outcomes.

Resources

A broad term for the assets, materials, and inputs used to produce goods and services, including natural, human, and capital resources.

Variable Cost

A cost that changes in proportion to the level of activity or volume of output in a business.