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The Production Function and Marginal Revenue Product
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Problem 10
The Production Function and Marginal Revenue Product
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15. Markets for the Factors of Production / The Production Function and Marginal Revenue Product / Problem 4
Problem 4
In what way does entrepreneurship enhance the efficiency of the production process?
A
By setting higher prices for products.
B
By innovating and optimizing the use of resources.
C
By reducing the cost of raw materials.
D
By increasing the number of workers.
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