Random Fact

The United States poverty rate in 2012 was 15%. It was 12.5% in 2007. In 1959, it was 22.4% (http://www.census.gov/hhes/www/poverty/about/overview/index.html).

Unit 4: Business Production Behavior

Section 1: Factors of Production
Section 2: Production Functions and the Law of Diminishing Marginal Production
Section 3: The Relationship Between Production and Costs
Section 4: Factor Price Interferences
Section 5: Determination of Interest Rates and Present Value
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