<u>Answer:</u>
<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>
<u>Explanation:</u>
In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.
Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.
The depreciation expense to be recognized by Joseph in year 1 is $62,500.
<h3>What is depreciation?</h3>
Depreciation is the gradual fall in the value of a fixed asset over its economic life. It doesn't apply to intangible assets.
Given values:
The purchase cost of equipment: $325,000
Residual value: $75,000
Number of years of useful life: 4
Computation of depreciation expense for the year 1:
Therefore, the amount of depreciation charge comes out to be $62,500 to be reported in year 1.
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Answer:
The correct answer is E (Decision diagrams).
Explanation:
A diagram or decision tree is a prediction model used in various fields ranging from artificial intelligence to Economics. Given a set of data, logical construction diagrams are manufactured, very similar to rule-based prediction systems, which serve to represent and categorize a series of conditions that occur successively, for the resolution of a problem.
For the United States, this embargo caused the c) supply curve of oil to shift in. The OPEC countries' embargo of oil decreased the supply quantity of oil in the United States with the same price. The law of supply describes that a decreasing in quantity will cause a decreasing in price, however, this embargo made changes in the quantity of oil but no changes in the price of oil which result in a shift of the supply curve of oil.
Raytheon focuses on leading-edge technology. Raytheon offers customers the most effective worth within the trade. Raytheon maintains a powerful network of international.
The Kent formation achieved a first-mover advantage within the strategic alliance with Bristol Corp. Once the 2 corporations fashioned a strategic alliance, they agreed to share all prices related to sales and promotion.
A strategic alliance is an appointment between 2 corporations to undertake a mutualist project where everyone retains their independence. The agreement is a smaller amount complicated and less binding than a venture, during which 2 businesses pool resources to make a separate business entity.
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