Managerial Economicsbasic
A business can make an item that is an output for one producer and an input for another.
Answer
true
Explanation
### Why this is right
Whether something is an input or output depends on the production process being considered. A good produced by one firm may be purchased and used as an input by another firm.
### The concept
An output is what a production process creates. An input is a resource or item used in another process. The same physical item can therefore occupy different roles in different firms.
### Remember
Input and output describe a role in a production process, not an object's permanent identity.
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