Examlex

Solved

The Fewest Number of Individuals Necessary to Ensure the Long

question 42

Multiple Choice

The fewest number of individuals necessary to ensure the long term survival of a population is known as the


Definitions:

Labor

The physical and mental effort used in the production of goods and services, often considered a primary factor of production.

Machines

Tools or devices designed to perform specific tasks or functions, often powered by electricity or mechanical force.

Total Cost

The aggregate expenditure involved in producing a set quantity of goods or services, including both fixed and variable costs.

Short-Run

In economics, a period during which at least one factor of production is fixed and cannot be changed, influencing cost and production decisions.

Related Questions