Skip to content

An item that is output for one producer can become an input for another producer.

Answer

true

Explanation

### Why this is right The note uses maize as an example: it is a farmer's output and becomes an input for a feed miller. Whether something is an input or output depends on the production process being considered. ### The concept Production is the transformation of inputs into outputs. Goods can move through successive production stages, so the same commodity may occupy different roles in different firms. This prevents treating input and output as permanent labels attached to an item. ### Remember Input or output describes a role in a particular production process.

Related Questions

Want to practice more questions like this?

Join myBenkio free and practice past questions for your Nigerian university courses with AI explanations for every answer.

Start Practicing Free