4. A firm may only increase its output by increasing the quantities of all types of inputs, including the plant size. 5. A cost that involve actual expenditure or actual purchases. 6. It shows the different combinations of inputs a producer can afford in producing a specific quantity of goods or services. 7. This cost involves no obvious cash outlay. It is the value of the next best use of unremunerated input

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Please help me answer 4,5,6 and 7. 

_1. It shows the different combinations of inputs that correspond to the same level of output.
_ 2. An infinite number of sellers exist in this type of market.
3. It is a past expenditure that cannot be recovered or changed by any decision in the future.
_ 4. A firm may only increase its output by increasing the quantities of all types of inputs, including the
plant size.
5. A cost that involve actual expenditure or actual purchases.
_ 6. It shows the different combinations of inputs a producer can afford in producing a specific quantity
of goods or services.
_7. This cost involves no obvious cash outlay. It is the value of the next best use of unremunerated input
8. It is an additional cost a firm incurs if it takes on a product line or service other than what it is
already engaged in.
_9. A type of market that may be substitutable with other brands, a particular firm's product may slightly
differ in terms of packaging, design, color and other features.
10. A type of market that exists when there is only one producer or seller of a good or a service which
has no close substitute in the market.
Transcribed Image Text:_1. It shows the different combinations of inputs that correspond to the same level of output. _ 2. An infinite number of sellers exist in this type of market. 3. It is a past expenditure that cannot be recovered or changed by any decision in the future. _ 4. A firm may only increase its output by increasing the quantities of all types of inputs, including the plant size. 5. A cost that involve actual expenditure or actual purchases. _ 6. It shows the different combinations of inputs a producer can afford in producing a specific quantity of goods or services. _7. This cost involves no obvious cash outlay. It is the value of the next best use of unremunerated input 8. It is an additional cost a firm incurs if it takes on a product line or service other than what it is already engaged in. _9. A type of market that may be substitutable with other brands, a particular firm's product may slightly differ in terms of packaging, design, color and other features. 10. A type of market that exists when there is only one producer or seller of a good or a service which has no close substitute in the market.
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