Which of the following would have the least amount of influence on a manager’s choice of which inputs to employ in a production process?
A) The price of a competitor’s output.
B) The technology of the production process.
C) The marginal productivity of the inputs that can be used in the production process.
D) The prices of the inputs that can be used in the production process.
ANSWER
A
Place an order in 3 easy steps. Takes less than 5 mins.