How does scarcity affects the factors of production

Which quality ensures that you are in a better position to represent yourself

Which of the following statements is not true about regions? a.) regions have fixed boundaries that are determined by the region's inhabitants.b.) a region can be defined by physical characteristics, such as climate, landform, and vegetation.c.) regions can change over time.d.) a region can be defined by human characteristics, such as language, government, and economic activity.e.) the same location can be considered part of multiple regions.

How can firms use marginal analysis to determine the price of a product? a) profit maximization can occur when the marginal cost exceeds the marginal revenue. b) the total cost of production can determine the individual unit price of a product. c) marginal analysis can be used to determine at what price profit maximization occurs. d) firms can calculate the marginal cost of a product and set the price lower than the cost.