The Total Cost of Production Is Determined by Adding Which

question 57

Multiple Choice

The total cost of production is determined by adding which of the following costs?

• A) Labor, capital and land, intermediate inputs, and accumulating business know-how.
• B) Labor, capital, revenue, and marginal product.
• C) Labor, land, capital, and revenue.
• D) Labor, business know-how, capital, and land.

---

Definitions:

Producers

Organisms in an ecosystem that convert energy from the sun or chemicals into food through photosynthesis or chemosynthesis.

Detritus

Partially decomposed organic matter, often found in natural environments, serving as a nutrient source for some organisms.