Multiple Choice
The key distinction between a factor of production and an input is that:
A) an input is an enduring source of income, but a factor of production is used up in the production process.
B) a factor of production earns income from selling its services over and over again but an input cannot.
C) an input earns income from selling its services over and over again but a factor of production cannot.
D) a factor of production has limited earning potential.
Correct Answer:

Verified
Correct Answer:
Verified
Q189: One example of a situation in which
Q190: The value of the marginal product is
Q191: An increase in the demand for autoworkers
Q192: Figure: The Value of the Marginal Product
Q195: An efficiency wage describes a wage rate
Q196: Which of the following best describes the
Q197: If a firm hires labor and with
Q198: (Table: Workers and Corn Output) Laura is
Q246: The value of the marginal product is
Q334: Although horses were once a very important