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1 year ago

What are the three factors of producrion and what role does each factor play in the production of goods and services

Business

1 answer:

Delvig [45]1 year ago

8 0

Answer:

The productive factors are commonly classified into three groups: land, labour, and capital. The first represents resources whose supply is low in relation to demand and cannot be increased as the result of production. The income derived from the ownership of this factor is known as economic rent.

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What are consumer goods and how do they allow a country to become a mdc?

Reika [66]

Consumer goods are those goods that are purchased and used by consumers. Consumer goods are not used by manufacturers to produce other goods. In essence, consumer goods are ready for use since they have been taken through the production and manufacturing. For a country to have consumer goods it must trade with other countries either to acquire raw materials or trade in consumer goods. This trade process contributes greatly towards the development of LDC economies into MDC status.

6 0

3 years ago

Cash flows of two mutually exclusive projects are as follows. Project A costs $80,000 initially and will have a $15,000 salvage

son4ous [18]

Answer:

C. The present worth of project A is -$143,252.17

Explanation:

Present worth can be calculated using a financial calculator

For method A ,

Cash flow in year 0 = $80,000

Cash flow in year 1 and 2 = $30,000

Cash flow in year 3 = $30,000 - $15,000 = $15,000

I = 10%

Present worth= $ 143,335.84

For method B,

Cash flow in year 0 = $120,000

Cash flow in year 1 and 2 = $8, 000

Cash flow in year 3 = $8,000 - $40,000 = $-32,000

I = 10%

Present worth = $130,157.78

Method b would is chosen because it worth less.

To find the present worth using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

4 0

3 years ago

There was an example earlier where Flo Haysbert only contacted college students from Central-Ohio for research on automobile ins

kotykmax [81]

The issue will undermine the following results: the use of a stratified random sample, the wording of questions, and the under-coverage of data.

<h3 /><h3>What do you mean by population data?</h3>

Population statistics is described as a fixed of individuals who share a feature or set of these. A populace is specially decided with the aid of using geographies, together with all people in California, or all people withinside the United States.

Demographers (those who observe human populations) categorize this as the natural populace.

Therefore, The issue will undermine the following results: use of a stratified random sample, the wording of questions, and under-coverage of the population data.

Learn more about population data:

brainly.com/question/4694738

#SPJ1

6 0

2 years ago

A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation

mario62 [17]

The answer would be false

7 0

3 years ago

Which of the following is NOT true: Question 6 options: 1) Data marts typically have fewer data sources than data warehouses 2)

tamaranim1 [39]

Answer:

The incorrect statement is number (2): Data marts typically have broader focus than data warehouses.

Explanation:

Data marts are data structures built on a database. In this structure, consolidated data is stored that will be used as a feed for an analysis tool. Data marts are specialized in storing data of a specific area of an organization. A group of datamarts is called Datawarehouse.

Therefore, <em>data marts have a narrower focus than data warehouses.</em>

4 0

3 years ago