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krek1111 [17]
11 months ago
13

the relationship between the factors of production used by a firm and the maximum output possible is called the

Business
1 answer:
elena-14-01-66 [18.8K]11 months ago
3 0

In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.

The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.

Learn more about production here-

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There's many ways to plan your future career. You can take extra classes and probably sign up for activities that has to do with your future job. Always study the night before you have an exam the next day so it won't risk you of failing classes or exams. It's also very good to have a backup job that you also want to do just in case if you don't qualify for your main job.
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3 years ago
What budgeting tips would you help to stay on track financially
Delvig [45]
Someone famous stated this but i don’t know who.

it was something like
whatever i have in my bank account right now, i can only spend 10% of it on something

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4 0
2 years ago
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and e
Ksju [112]

The required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8

If the required reserve is 10%, the currency reserve multiplier is 10 and the currency supply should be 10 times the reserve. A reserve requirement ratio of 10% also means that banks can lend out 90% of their deposits.

The reserve ratio can be calculated by simply dividing the amount a bank must hold in reserves by the amount the bank has on deposit. For example, if he has $10 million in bank deposits and needs to hold $500,000 in reserves, the required reserve ratio is 1/20, or 5%.

The ratio of required reserves to deposits. A reserve ratio of 10% means that banks must hold 10% of their deposits as a reserve.

Learn more about reserve ratio at

brainly.com/question/13758092

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3 0
1 year ago
Which element of the business model addresses what a firm provides that other firms do not and cannot?
BaLLatris [955]

Value proposition addresses what a firm provides that other firms do not and cannot.

A company is a commercial enterprise, usually set up as a partnership, that provides professional services such as legal and accounting services. Corporate theory assumes that companies exist to maximize profits.

To describe a person as steadfast means that he acts in a way that does not change his mind, or that he is in control. She had to be firm with him. "I don't want to see you anymore."

A firm can be a company. B. A consumer goods store that offers physical products. It can also represent a service provider such as a hairdresser. The term firm may refer to any for-profit business, but it is more commonly used to describe businesses in specific industries such as law or accounting.

Learn more about firm here:brainly.com/question/25491204
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7 0
1 year ago
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2
Ad libitum [116K]

Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

7 0
2 years ago
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