Which Statement Is False

question 140

Multiple Choice

Which statement is false?

• A)The concept of margin,or marginal is central to economic analysis.
• B)Productivity is measured by output per unit of input.
• C)MRP declines as more and more units of a factor are used.
• D)None of the statements are false.

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Definitions:

Competing Products

Goods or services that are offered in the same market and serve similar functions, thereby competing for the same customer base.

Competing Stores

Retail or service establishments that offer similar products or services targeting the same customer base, and thus are in direct competition with each other.

Expense Items

Costs incurred by a business or individual in the course of achieving income or maintaining operations, such as rent, salaries, or utilities.

Component Parts

Individual items that are put together to form a product or can be used as part of a more complex assembly.