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Ede4ka [16]
2 years ago
10

Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of t

he world. unlimited in quantity.
Business
1 answer:
Rashid [163]2 years ago
6 0

Factors of production are scarce in every society.

<h3>What are the factors of production?</h3>

Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.

There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.

Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in  the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together

To learn more about factors of production, please check: brainly.com/question/12342608

#SPJ1

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Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for
AfilCa [17]

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

6 0
4 years ago
Bob operates Bob's Pizza, a small pizzeria that sells about 50 pizzas a day. Bob's daily total fixed costs are $100, and his dai
Sonja [21]

Available options are:

A. All of the choices are correct.

B. Average fixed costs would increase.

C. Marginal costs would increase.

D. Average variable costs would increase

Answer:

Option B. Average fixed costs would increase.

Explanation:

As the variable cost is the same which means that the marginal cost (All variable costs) would neither increase nor the average variable cost (Average variable cost due to fluctuating variable cost) would increase. Hence both Option C and D are incorrect.

Option B is correct because:

Average Fixed cost = (Initial Value + Value Now) / 2

Average Fixed cost = ($100 + $150) / 2 = $125

This means that the average cost has been increased.

6 0
4 years ago
Where is Moisturizing Black soap shampoo is currently positioned in the product life cycle.
Yuki888 [10]
If the Moisturizing Black soap shampoo is currently positioned in the product life cycle the stage is called <span>Maturity

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
5 0
3 years ago
Darla is going to start writing the HTML code for a web page. What would she start with?
kirill115 [55]

HTML stands for Hyper Text Markup Language and describes the structure of Web pages using markup.

Darla, who is going to start writing the HTML code for a web page should start with the opening tag. Correct answer: D

HTML tags are element names surrounded by angle brackets. They come in pairs like <p> and </p>. The first tag in a pair is the opening tag, or also called the start tag.

8 0
3 years ago
Which of the following statements is correct about the connection between cost centers and revenue?
Mazyrski [523]

Answer:

B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.

Explanation:

Cost Centers are functions where costs are accumulated.

Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.

Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.

8 0
4 years ago
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