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Technology does not have an effect on the amount of a good a society can produce with its given resources. is the recipe for com

Agata [3.3K]

Answer: Technology is the recipe for combining land, labor, physical capital, and entrepreneurship to produce a good.

Explanation:

The different factors of production (land, labor, entrepreneurship, and capital) are the inputs required for the production of a good or service.

Technology is a term that has a rather wide meaning and can be applied to describe software, hardware, or a mixture of both employed to organize a manufacturing process. Either way, the technology available is the one that combines the land, the labor, the physical capital, and the entrepreneurship to produce a good.

8 0

3 years ago

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine

ratelena [41]

According to the standard debt-to-income ratio, the person who would be rated as highest in respect of eligibility for a home loan is person C.

A home loan is an amount that has been lent for the acquisition or purchase of any house. or apartment for living.

Given values:

<u>Persons </u> <u> Monthly Incomes </u> <u> Recurring debts </u>

Person A $4,250 ($51,000 / 12) $350

Person B $4,833 ($58,000 / 12) $250

Person C $5,250 ($63,000 / 12) $200

Person D $5,583 ($67,000 / 12) $450

<u>Step-1 </u> Computation of debt-to-income ratio of person A:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$350}{\$4,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.23\%$

<u>Step-2 </u>Computation of debt-to-income ratio of person B:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$250}{\$4,833}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=5.18\%$

<u>Step-3 </u>Computation of debt-to-income ratio of person C:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$200}{\$5,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=3.80\%$

<u>Step-4 </u>Computation of debt-to-income ratio of person D:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$450}{\$5,583}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.06\%$

Therefore, after finding debt to income ratios of all persons, the lowest ratio comes out to be of Person C at 3.80% which ranked to be the highest.

Learn more about the debt ratio in the related link:

brainly.com/question/14553933

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8 0

1 year ago

Read 2 more answers

the most effective drug treatment for obsessive-compulsive disorder involves the administration of Quizlet

ArbitrLikvidat [17]

The correct option is D. After an infection, autoimmune-related damage to the brain is believed to be the cause of the obsessive-compulsive disorder symptoms that develop.

<h3>What is obsessive-compulsive disorder?</h3>

A person with obsessive-compulsive disorder (OCD) frequently experiences recurring, uncontrollable thoughts and/or behaviors that they feel the need to repeat.

Thus, both can be used for treatment there is a minor difference between them one has received 254 ratings, with an overall rating of 7.9 out of 10. 75% of reviewers noted a favorable effect, while 14% noted a detrimental effect. On the other hand, a total of 2007 ratings has resulted in an average rating of 7.3 out of 10.

Learn more about obsessive-compulsive disorder here:

brainly.com/question/22349769

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5 0

2 years ago

What river flows across the entire state of alaska?

Sunny_sXe [5.5K]

The Yukon river flows across the entire state of Alaska and empties out in the Bering Sea at the Yukon-Kuskokwim Delta. The river is 3,190 kilometers long. Hope this helped :)

7 0

3 years ago

2 Points<br> Which statement best describes a difference between a democracy and a<br> republic?

Hoochie [10]

In both a republic and a democracy, citizens are empowered to participate in a representational political system. They elect people to represent and protect their interests in how the government functions. Republics and democracies both provide a political system in which citizens are represented by elected officials who are swon to protect their interests.However in a pure democracy, laws are made directly by the voting majority leaving the rights of the minority largely unprotected. And in a
republic, laws are made by representatives chosen the people and must comply with a constitution which specifically protects the rights of the minority from the will of the majority.

5 0

3 years ago