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Ede4ka [16]
1 year 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]1 year 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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Why wont a bussiness charge 500 for a table that they can make for 100
lys-0071 [83]

Answer:

I am not a business student but I think this is common sense.

Yes most business people do that because they have to make sales, they pay taxes, buy raw materials, time wastage, fatigue, health related issues ,care for their family and would not want to go broke so I think that's most of it.

Hope I helped

3 0
3 years ago
If the production of oranges reduces global warming, then the equilibrium quantity of oranges will be_________the socially optim
creativ13 [48]

Answer:

B. lower than

Explanation:

As orange has a positive externality which cannot be included in the cost, the social optimal will be lower. That's because, neither the consumer will pay to benefit the entire society a higher price than their marginal utility or the producer produce when marginal cost exceed the marginal revenue

The government should try to subsidize the market to allow for a hiher quantity of organge an achieve the socially optinal quantity.

3 0
3 years ago
Four different challenges
Helga [31]

Answer:

How you become a good Project Manager?

You become a good project manager by making a good ans sound decision, able to work under pressure with little or no supervision, explore opportunities and have an astute skill to lead.

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Managing projects in a complex society entails keeping to time and delivering on time too. By so doing, more projects comes in as no one desire a delay in business and handling of his projects.

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Good and prompt supervision making, conducting trainings to equip staff to be able to deliver the exact requirement to make business smooth.

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3 0
3 years ago
Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0
Nadya [2.5K]

Answer:

$2080

Explanation:

Given: Cost of generator= $11000.

           Residual value= $1000.

            Estimated life of generator= 5000 hours.

            Actual activity performed during the period= 1040 hours.

Now, finding the depreciation expense for the first year using the units-of-activity method.

Formula; Depreciation\ expense= \frac{(cost- residual\ value)}{Total\ estimated\ life\ time\ activity} \times actual\ activity\ performed

⇒ Depreciation expense= \frac{(11000-1000)}{5000} \times 1040

Opening parenthesis

⇒  Depreciation expense= \frac{10000}{5000} \times 1040

⇒  Depreciation expense=  2 \times 1040 = \$ 2080

Hence, the depreciation expense for the first year using the units-of-activity method of depreciation is $2080.

3 0
3 years ago
Firm ML, a noncorporate taxpayer, exchanged residential rental property for 20 acres of investment land with a $200,000 FMV. ML
wlad13 [49]

Answer:

a. $222,000

b. $22,000

c. $158,000

Explanation:

a. FMV of rental property =  FMV of land received + Received cash

= $200,000 + $22,000

= $222,000

b. FMV of land received       $200,000

Cash boot received                $22,000

Less: Basis of rental property $158,000

Realized gain                           $64,000

Recognized gain (Boot)          $22,000

this transaction qualify for a like-kind exchange under section 1031  When no gain or loss is recognized on an exchange but on Boot received. But recognized gain will be lower of boot amount of realized gain.

c. Carryover basis of original assets =  FMV of rental property - Realized gain

= $222,000 -  $64,000

= $158,000

8 0
2 years ago
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