The technical relationship between inputs and outputs,
Question : The technical relationship between inputs and outputs, which is needed to understand the difference between the short run and the long run, is called
a production function.
a time and motion study.
supply and demand.
Question 1. Question : Along a downward-sloping monopoly demand curve,
marginal revenue is greater than price.
elasticity of demand is constant.
marginal revenue decreases when price decreases.
marginal revenue is equal to zero when price is equal to zero.
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