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3 years ago

How does arable land play an important role in a nation’s development?

Business

1 answer:

Aleks [24]3 years ago

7 0

Answer:

The correct answer would be option A, The amount of arable land affects the agricultural output of a nation.

Explanation:

Arable land is a land which is capable of producing crops. A land where soil can be ploughed and crops can be grown, is know as the Arable Land. When crops are grown in a country, they help the country to increase their agricultural output. So arable land affects the agricultural output of the country or nation. For example, if a land is arable, farmers grow crops like potatoes, carrots, tomatoes, cucumbers, etc, and help the country in boosting the agricultural area. This would contribute towards the increase in the gross domestic product of the country.

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Which choice is not a characteristic of a competitive market?

sukhopar [10]

A

Wiksoxococovivsmwldkckcdoe

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2 years ago

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is

Lana71 [14]

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

<h3>What is utility?</h3>

Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.

It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.

Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

Learn more about utility here : brainly.com/question/24848038

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2 years ago

During which phase of the data analysis process does the fraud examiner identify, obtain, and verify the relevant or requested d

PIT_PIT [208]

Answer: The preparation phase

Explanation:

The preparation phase of data analysis is a phase where the Data analyst examines the information he got in order to carry out his or her job properly. One if the test he carries out that period is Duplicate testing, it is used to identify transactions with duplicate values in specified fields. It can quickly review files

5 0

2 years ago

What factors under the control of owners and managers make a firm successful and allow it to earn economic profits?

mafiozo [28]

Answer: E. The firm's ability to differentiate its product

Explanation:

The factor under the control of owners and managers that make a firm successful and allow it to earn economic profits is the firm's ability to differentiate its product.

Product Differentiation has to do with making a product unique from that of its rivals so that it'll be attractive to the customers and the target market. This will slow be vital for the company to produce at a average cost that is lower than that of its competing firms. This will help the company to have a competitive edge over others.

8 0

2 years ago

Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 6 and MUb/Pb = 4. Ben should purc

yaroslaw [1]

Answer:

Option (a) is correct.

Explanation:

Given the marginal utility per dollar for the two products as follows:

$\frac{MU_{a} }{P_{a} } =6$

$\frac{MU_{b} }{P_{b} } =4$

All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.

It is going on until the point at which marginal utility per dollar of both the products becomes equal.

6 0

3 years ago