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Jlenok [28]
3 years ago
14

Which statement is false? 1 land is the primary factor of production used in the production of all goods and services. 2 an entr

epreneur combines all the factors of production. 3 growth in the economy shifts the ppc left. 4 an economy is efficient if it maximizes utilization of all the available scarce resources.
Business
1 answer:
True [87]3 years ago
3 0
<span>The correct answer is figure 3. There are four basic factors of production, land is one of them. The other three are capital, entrepreneurship and labor. Land is a natural resources that has already been put in place by nature, it is a free gift of nature. Other features of land include the following: it is fixed in quantity, it is fixed in quantity and it is immovable.</span>
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The principle of diminishing returns to capital states that if the amount of labor and other inputs employed is held constant, t
Arturiano [62]

Answer:

B) the less an additional unit of capital adds to production

Explanation:

The diminishing return state that if everything else is held constant, each additional unit will increase production by a fewer amount than previous one. That's because the same amount of resource can only use efficiently a certain amount of capital then there is a loss in this good use and therefore, the output do not increase at the same rate as we add up capital.

A person can do a good use of several type of tool for building a house but I can only use one or two at the time

Adding more tools can increase productivity but in the end there is only one person working.

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3 years ago
what happens when ethanol is refluxed with acidified sodiumheptaoxodiochromate(4) solution for a long time​
salantis [7]

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1-butanol

Explanation:

7 0
3 years ago
Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income w
klio [65]

Answer:

10.0 years

Explanation:

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= $30,000 ÷ $3,000

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Therefore the first option is correct

8 0
2 years ago
New brands with a small market share tend to spend proportionately more for advertising and sales promotion than those with a la
mestny [16]

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What is photo synthesis?​
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