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3 years ago

Which of the following will be accomplished by efficient allocations of the factors of production?

2 answers:

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Factors of Production assesses the inputs available to produce goods and provide services in an economy. These are considered to be 1. Land (available natural resources); 2. Labor (human input); 3. Capital (goods involved within the supply chain); and 4. Enterprise (organization of tasks and production). When the allocation of the factors of production is successful and effective then, 3. fulfilling many needs and wants of society will be the result.

dalvyx [7]3 years ago

3 0

The best answer for this question would be:

fulfilling many needs and wants of society

In producing a product during production, it is always important to ask if society needs the product that we are developing. The key to every successful product is to answer whether the consumer meets the needs.

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Land used for raising crops or livestock is generally called a

lozanna [386]

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

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3 years ago

Read 2 more answers

Which of the choices describes how the effects of import tariffs and import quotas are different? The domestic cost of an import

tatuchka [14]

Answer:

Quotas do not affect the equilibrium price, whereas tariffs do not affect the equilibrium quantity.

Explanation:

The import tariff decreases the import quality from AD to CB and increases the price of the good from P to P*. The import restricting effect and consumption effect is same for quotas and tariff. So, the deadweight loss from them is the same from quotas and tariff (HIJ and GEF).

Please observe the image attached.

However, tariff enables the government to increase their revenue from the imports while import quotas precludes such revenue (GEHI). Thus, the cost tariff is lower than the import quotas imposed.

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3 years ago

What does it mean when a return is reject for code 0503

VLD [36.1K]

An IRS 0503 code means the spouse's name and last 4 digits of their social security do not match IRS records. This could happen by mistake or if the person has changed their name without updating records.

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4 years ago

Your colleague anshul has to give a presentation to the whole company. what tip should you give him about managing his nerves?

Dvinal [7]

The following tips should be given to Anshul: Practice Deep Breathing Drink Water Smile more Use Visulization Techniques by imagining that you are delivering your presentation to an audience that is interested, enthused, smiling, and reacting positively Slow down the speech Move around the presentation area Stop thinking about yourself

8 0

3 years ago

A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $205 per pair and cost $164 per pair in var

konstantin123 [22]

Answer:

Results are below.

Explanation:

Giving the following information:

The jeans will sell for $205 per pair and cost $164 per pair in variable costs to make.

The contribution margin per unit is calculated using the selling price per unit and the unitary variable cost:

Unitary contribution margin= 205 - 164= $41

Now, to calculate the contribution margin ratio, we need to use the following formula:

contribution margin ratio= contribution margin/selling price

contribution margin ratio= 41/205

contribution margin ratio= 0.2

3 0

3 years ago