Suppose That on Monday the Cost of Inputs Sums to $1000

question 13

Multiple Choice

Suppose that on Monday the cost of inputs sums to $1000, and the value of outputs sums to $4000. For which of the following values on Tuesday would productivity increase?

• A) inputs = $1100, outputs = $4000
• B) inputs = $1100, outputs = $4200
• C) inputs = $850, outputs = $3600
• D) inputs = $1000, outputs = $3900
• E) inputs = $2000, outputs = $8000

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Definitions:

Vehicle Operating Cost

Refers to the expenses related to operating a vehicle, including fuel, maintenance, insurance, and depreciation.

Planning Budget

An estimate of the revenue and expenses over a specific period, used for setting financial goals and making strategic decisions.

Other Expenses

Costs not directly related to the core operations of the business, such as interest payments or loss from disposal of assets.

Oil Well Service

Services related to the maintenance, operation, and management of oil wells to optimize production and extend their productive life.