It Is _______ for a Factor of Production to Have

question 138

Multiple Choice

It is _______ for a factor of production to have _______ .

• A) impossible; negative marginal returns
• B) possible; negative marginal returns
• C) impossible; a marginal product of zero
• D) none of the above are correct

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Definitions:

Production Manager

A professional responsible for overseeing the production process within a manufacturing facility, ensuring that goods are produced efficiently, safely, and meet quality standards.

Responsibility Centre

A unit within an organization, such as a department or division, whose manager is accountable for specific financial and operational outcomes.

Controllable

Refers to costs or factors within a business that can be managed or influenced by decisions made by the company.

Uncontrollable

A term referring to factors or costs that cannot be directly controlled or influenced by decisions in the short term.