Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 12PA
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![Question 1
Which of the following would be considered a factor of production?
The labor used to produce UGGS
UGGs sold online
Advertisements for UGGS
The utility or enjoyment people receive from buying UGGS](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6cd092b6-fb83-4176-b132-89813f870ed8%2F7efe5493-12fa-434b-bf6a-f933383ab9e4%2Ftcwa92f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 1
Which of the following would be considered a factor of production?
The labor used to produce UGGS
UGGs sold online
Advertisements for UGGS
The utility or enjoyment people receive from buying UGGS
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