goods a. The willingness and ability to take the risks involved in starting and managing a business. b. The 'gifts of nature" that are used to produce goods and land services. C. Physical articles that have been produced for sale or use. d. States as the quantity of good consumed increases, the marginal utility of each additional unit decreases. e. A measure of the output of an economy per unit of input. capital services factors of f. The resources used to produce goods and services. production g. The tools, machines, and buildings used to produce goods and services. law of diminishing marginal utility h. A natural resources that are both widely available and in no danger of being used up. i. Work done by someone else for which a consumer, business or governmnet is willing to pay. v entrepreneurship v perpetual resources productivity

goods a. The willingness and ability to take the risks involved in starting and managing a business. b. The 'gifts of nature" that are used to produce goods and land services. C. Physical articles that have been produced for sale or use. d. States as the quantity of good consumed increases, the marginal utility of each additional unit decreases. e. A measure of the output of an economy per unit of input. capital services factors of f. The resources used to produce goods and services. production g. The tools, machines, and buildings used to produce goods and services. law of diminishing marginal utility h. A natural resources that are both widely available and in no danger of being used up. i. Work done by someone else for which a consumer, business or governmnet is willing to pay. v entrepreneurship v perpetual resources productivity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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