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Question 1 Here are two statements, each of which may be true orfalse. 1 Production...

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Economics

Question 1 Here are two statements, each of which may be true orfalse. 1 Production requires at least two factors of productionfinputs). II In the short run, all factors of production are fixed.Choose the correct option from the list below. Neither statement istrue. Only lis true. Onlylits true. Both statements are true.Question 2 A sunk cost is a cost that once incled can aways berecovered nawnementure Norretimes be recorered Question 3

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