Which of the following is not a factor of production?

If Jacques's Fire Engines were a competitive firm instead and $80,000 were the market price for an engine, decreasing its price

Anna35 [415]

Answer:

The correct answer is:

false (b)

Explanation:

Reduction in the price of a good or service in a competitive market leads to an increase in quantity demanded, which in turn leads to an increase in the production quantity, to cater for the increase in the volume of demand. Hence the reduction in the price of Jacques's fire engines will increase demand and in effect increase the production quantity. With respect to the total revenue, depending on the extent of demand increase, the total revenue might increase or even decrease. If the total demand exceeds the previous demand to make up for the reduction in price, the total revenue will increase, if not so, the total revenue will decrease.

3 0

2 years ago

The principal building material for mesopotamian ziggurats was

Lena [83]

Sun baked mud bricks comprised the core of Mesopotamian ziggurats, while fired mud bricks comprised the outer facing. These fired bricks were often glazed in a variety of colors, speculated to have an astrological meaning. Sometimes facing bricks displayed the engraved names of Kings.

4 0

3 years ago

GIVE ME THE IDEAS FROM THIS CASE AND WHAT WE HAVE LOOKED AT IN THE PICTURE!!

irina [24]

Answer:

Tobago is effect Corona various

Is very harmful

I only have few ideas

I hope you like it

8 0

3 years ago

What's the difference between a venture capitalist and an angel investor? Check all that apply

Wittaler [7]

Answer:

-A venture capitalist is more likely to invest in several different projects at once.

-An angel investor is motivated by personal feeling more than profit

6 0

2 years ago

Compute the depreciation and book value each year of a machine that costs $67,000 topurchase and $3,000 to install with an 8-yea

kondor19780726 [428]

Answer:

Depreciation Book Value

for year after year

$ $

Year 1 - 15,556 54,444

Year 2 13,611 40,833

Year 3 11.667 29,667

Year 4 9,722 19,444

Year 5 7,778 11,667

Year 6 5,833 5,833

Year 7 3,889 1,944

Year 8 1,944 0

Explanation:

Computation of yearly depreciation using sum of the years method

Cost of equipment $ 67,000

Installation cost $ 3,000

Depreciable cost $ 70,000

In a sum of the years method the mo of years are summed up and then depreciation is applied with the highest number first.

Sum of the years = (1+2+3+4+5+6+7+8) = 36

Depreciable basis $ 70,000

Depreciation for year 1 = 8/36* 70,000 $ (15,556)

Book value after year 1 $ 54,444

Depreciation for year 2 = 7/36* 70,000 $ (13,611)

Book value after year 2 $ 40,833

Depreciation for year 3 = 6/36* 70,000 $ (11,667)

Book value after year 3 $ 29,667

Depreciation for year 4 = 5/36* 70,000 $ ( 9.722)

Book value after year 4 $ 19,444

Depreciation for year 5 = 4/36* 70,000 $ (7,778)

Book value after year 5 $ 11,667

Depreciation for year 6 = 3/36* 70,000 $ (5,833)

Book value after year 6 $ 5,883

Depreciation for year 7 = 4/36* 70,000 $ (3,889)

Book value after year 7 $ 1,944

Depreciation for year 8 = 1/36* 70,000 $ (1,944)

Book value after year 8 $ 0

5 0

2 years ago

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