To Produce One Unit of Output, a Firm Can Use

question 39

Multiple Choice

To produce one unit of output, a firm can use either one unit of capital or one unit of labor. In this case, capital and labor are

• A) complementary inputs.
• B) substitutable inputs.
• C) both complementary and substitutable inputs.
• D) unrelated inputs.

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Definitions:

Dependent Variable

In research, the variable that is being tested and measured to see if it is affected by changes in another variable (the independent variable).

Confederates

Individuals who are part of an experiment but pretend to be participants, often used to manipulate social interactions within the experiment.

Sociogram

A visual representation or diagram that maps the relationships and social interactions within a group.

Self-report Measures

Self-report measures are assessment tools where individuals provide subjective feedback about their own feelings, behaviors, or attitudes.