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Allushta [10]
3 years ago
6

What are factors of production?

Business
2 answers:
Feliz [49]3 years ago
8 0
Factors of production<span> is an economic term that describes the inputs that are used in the </span>production<span> of goods or services in order to make an economic profit. The </span>factors of production<span> include land, labor, capital and entrepreneurship.</span>
padilas [110]3 years ago
3 0

human, natural, and capital resources that are used to make products to be sold

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Explain the role of producers and consumers in a free-enterprise economic system.
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Imagine that two goods are available to you: apples (X) and pears (Y). You like apples half as much as pears. If your fruit budg
goldenfox [79]

Answer:

the value of the MktRS (market rate of substitution) is 0

Explanation:

The computation of the market rate of substitution is shown below:

Since it is mentioned that

You like apples half as pears

So the equation would be

X = 1 ÷ 2 Y

X ÷ Y = 1 ÷ 2

Now the market rate of substitution of the price is

= $2 ÷ $4

= 1 ÷ 2

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= 1 ÷ 2 - 1 ÷ 2

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The same is to be considered

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3 years ago
You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use
Jobisdone [24]

Answer:

$17,167

Explanation:

<em>The first step is to calculate amount of cash that would be charged</em>

<em>For 30 months, pay $520 per month for 30 months and an additional $10,000 at the end of 30 months.</em>

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<em>Therefore the amount of cash the car dealer would charge is $17,167</em>

7 0
2 years ago
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