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3 years ago

Prompt What are the factors of production? Government online class !?!

Business

1 answer:

Feliz [49]3 years ago

4 0

<h2>There are 4 factors of production.</h2>

Explanation:

1. Land factor:

Land is the most important factor to fetching revenues for the country.
Example: Natural resources oil, gas, etc are taken out from the land
The various forms of land starts from agriculture to real-estate

2. Labor as factor

It is the effect taken by individual to create, sale and manage product.
It covers individual right from the workers of the building to the manager of the organization.

3. Capital as factor

It is the indirect component
It is the base for buying raw materials, process and create product

4. Entrepreneurship as a Factor

A secret ingredient of factors of production
Example: Social media

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At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player at full capacity that normally

stiks02 [169]

Answer:

Effect on income= $0

Explanation:

<u>Because the company has excess capacity and it is a special offer that would not affect normal sales, we will not include the fixed costs.</u>

Effect on income= total sales revenue - total variable cost

Effect on income= 24*4,960 - (20 + 4)*4,960

Effect on income= $0

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2 years ago

Which of these would be a good candidate for a one-variable data table and payment function?

choli [55]

The correct option is this: CHECKING SCENARIOS WITH VARIABLE DOWN PAYMENT.
A data table is a range of cells, which shows how changing one or two variables in one's formula can affect the value of that formula.
In excel, instead of creating several scenarios, one can create a data table with which one can quickly try out different values for formula.<span />

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3 years ago

In the mid 1990s, a radical new introduction to the mortgage industry was made that would revolutionize the way in which most ho

Karo-lina-s [1.5K]

Answer:

the FICO score

Explanation:

The FICO Score helps the lenders to determine the how is the borrower likely to repay the loan. It is used to determine the creditworthiness and the lenders take a FICO score of the borrower into the account and also consider details like income and other things.

FICO Score helps the lenders make smarter as well as quicker decisions.

The Fair Isaac Corporation (FICO) the score to provide industry-standard for the scoring creditworthiness.

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3 years ago

The American Red Cross creates advertisements to encourage people to donate blood. After viewing one, Amanda decided to donate a

mestny [16]

Yes, because the donated blood was exchanged for a feeling of satisfaction

<h3><u>Explanation:</u></h3>

Any organization needs advertising as a major part of making their goods and services move towards consumers. Advertising refers to the act of drawing the attention of people in getting a product or service. A good advertising results in making the consumers purchase that particular product or service or doing certain actions that are being advertised.

In the given example, The American Red cross advertises for making people donate blood. After viewing the ad, Amanda decided to donate her blood. From the given statement, it is concluded that, there is a marketing sense as the donated blood was exchanged for a feeling of satisfaction.

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3 years ago

Which of the following is an advantage that shopping at a physical store has over shopping online?

krok68 [10]

Answer:

A. Personal help and interaction wider.

Explanation:

Due to the physical contact and getting to physically recognise each other, the familiarity increase the level of personal relationship.

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3 years ago