Answer:
Government resources
Explanation:
Factors of production are also known as inputs in the production process. They four in number and include land, entrepreneurship, capital, and labor.
- Land refers to the <u>natural </u>resources occurring beneath, above, and on earth's surface. They include minerals, fertile agricultural land, water, forests, air, gas, space for building, and many others.
- Capital refers to the resources required to start and run a business. It includes finances, technology, methodology, plants and machinery, among others.
- Labor is the human input in the production process. Human beings contribute skills, knowledge, energy, and time.
- Entrepreneurship is the mobilization and organization of all the other factors(land, capital, and labor) to start and run a successful business.
Answer:
Cost per unit , with respect to material is AVERAGE VARIABLE COST [AVC]
Explanation:
Cost is the expenditure incurred on production.
It can be : Fixed , Variable . Fixed cost is expense on fixed factors (not change-able in short run) , eg machine plant & Variable cost is expense on vairable factors (change-able in short run) , eg raw materials , labour
Total Cost [TC] = Total Fixed Cost [TFC] + Total Variable Cost [TVC]
Average per unit - (Q) Cost : AC i.e [TC/Q] = AFC i.e [TFC/Q] + AVC i.e [TVC/Q]
So , out of total Average Cost , AVC denotes average cost per unit with respect to variable inputs ('materials' here)
The correct answer is any amount higher than $5,400.
First, you need to solve the break even point of sales when Chris will earn the exact same amount by plan a or plan b. The following equation will solve this problem, with x being the amount of sales.
$360 + .09x = $630 + .04x
First, subtract .04x from both sides:
$360 +.05x = $630
Next, subtract $360 from both sides:
.05x = $270
Finally, divide both sides by .05:
X = $5,400
At $5,400 Chris will earn the same about of pay, regardless of which plan they are on. Since the commission percentage is higher on plan a, Chris is better off having plan a when sales are higher than $5,400. At this point Chris is earning 9% commission, rather than 4% in plan b.
Answer:
<em>This question includes the following options:
</em>
A. $2.00
B. $5000
C. $500
D. $3500
Determining how fast the nation's economy is growing requires comparing <em>1/4</em> of the nation's GDP to its previous quarter; sometimes the government increases spending during a recession to stimulate the economy. Thus the economic output of the nation is determined by the <em>GDP Growth</em>
.
GDP stands for <em>"Gross Domestic Product"</em> which means the value of all goods and services produced in a year nationwide; the <em>Spending GDP</em> includes the money spent by the public sector in public consumption and public investment such as education, infrastucture, healthcare, acquisition of goods etc.
The macro economy example above would have stable prices with a <em>$2.00</em> level for average price. Thereby the answer would be: A.
Answer:
E. $2,688.77
Explanation:
We need to calculate the PMT of an ordinary annuity at 6%
PV 402,000
time:
85 years - 62 years = 23 years of retirement
23 years x 12 months per year = 276 months
rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005
C $ 2,688.766
<em>She can withdraw 2,688.76 per month</em>