Which of the Following Statements Is True

question 99

Multiple Choice

Which of the following statements is true?

• A)The quantity of natural resources per worker can influence productivity.
• B)Technological knowledge and human capital are closely related.
• C)Over long periods of time,the prices of most natural resources are stable or falling,relative to other prices.
• D)All of the above are correct.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good.

Major in Finance

Involves the study of managing money, including investments, banking, finance markets, and the analysis of financial systems and financial planning.

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.