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:

Sensory Information

Data received by the senses (sight, hearing, touch, taste, and smell) that is then processed by the brain.

Brain Organizes

The process by which the brain structures and arranges information and sensory inputs to make sense of the world.

Sensory Nerves

Nerves that transmit sensory information from the body's periphery towards the central nervous system, allowing for the perception of stimuli.

Sense Receptors

Specialized cells or organs in the body that respond to external stimuli, such as light, sound, or touch, and transmit signals to the brain.