CFC Stands for ________

question 40

Multiple Choice

CFC stands for ________.

• A)chlorinated freon compound
• B)chlorofluorocarbon
• C)carbonated fluorine compound
• D)caustic fluorine carbohydrate
• E)carbofluoro compound

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Definitions:

Least-Cost Combination

A production point where the mix of inputs results in the lowest possible cost for a given output level.

Input Prices

The prices of the resources (like labor, materials, and capital) used in the production of goods or services.

User Cost

The cost of using a resource, which includes the opportunity cost of not keeping the asset intact or not using it for an alternative purpose.

Rental Rate

Cost per year of renting one unit of capital.