Examine the Following Diagram

question 48

Multiple Choice

Examine the following diagram.
-Which number in the diagram represents the template strand?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Factor Prices

The costs of the inputs that are used in the production of goods or services.

Production Function

A mathematical relationship describing the maximum output possible from a given set of inputs.

Units Of Output

The total quantity of goods or services produced by a company or industry in a specific period.

Junior Partner

A member of a partnership or firm who has less responsibility and usually a smaller share of the business than senior partners.