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Production Cost and Factors of Production

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rochellejoyocon
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4 views2 pages

Production Cost and Factors of Production

Uploaded by

rochellejoyocon
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Assignment 6

General instruction: The first assignment should be written in your assignment notebook, while the
second assignment should be submitted through Google Classroom because it will also serve as your
quiz.

1.) Assignment Notebook

1. Define Production Cost


2. Describe the four factors of production
3. Identify the two major types of production
4. Define Technology
5. Differentiate labor intensive technology and capital-intensive technology
6. Explain the law of diminishing returns
7. Define the theory of cost
8. Define input
9. Explain the concept of profit maximization

2). This assignment will be sent to Google Classroom and will also serve as your quiz.

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