Practicing Success
A teacher was teaching economics in the class. She said: production is instantaneous. What does she mean by that? |
No time elapses between the combination of the inputs and the production of the output. Few seconds elapses between the combination of the inputs and the production of the output. A lot of time elapses between the combination of the inputs and the production of the output. None of above |
No time elapses between the combination of the inputs and the production of the output. |
Production is instantaneous means no time elapses between the combination of the inputs and the production of the output. |