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3 years ago

Define the four factors of production and the differences between physical and human capital.

1 answer:

6 0

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.

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A firm engaging in efficient production, using current technology, ________ produce its current level of production with ____

insens350 [35]

Answer:

Explanation:

Efficiency is manifested in the proper use of time, and resources for an intended purpose. Meaning, it is doing things right.

Production efficiency is based on a business's ability to produce the highest number of units of a good while using the least amount of resources possible.

Also, is the comparison of what is actually produced or performed with what can be achieved with the same consumption of resources (money, time, labor, etc.).

In this example, the firm has already meet the efficient point. It is not possible to produce the same level of production with less resources.

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2 years ago

No trespassing signs are an example of owners enforcing their right to

Ilia_Sergeevich [38]

Answer:

I guess the ans is their right to exclude people from your property.

4 0

2 years ago

interest cost (the increase in pension costs due to the passage of time), the expected return on plan assets (the amount that ma

marishachu [46]

Answer:

The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.

However, this change will not affect the net income, as all the items will still be accounted for, accordingly.

Explanation:

GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations. The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs. By this separation, the operating income of GM will increase.

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2 years ago

A firm's operating cash flow (OCF) is defined as ________. A. gross profit minus operating expenses B. EBIT times one minus t

Sloan [31]

Answer:

B. EBIT times one minus the tax rate plus depreciation

Explanation:

The formula to calculate the operating cash flow is given below:

Operating cash flow = EBIT + Depreciation expenses - Income tax expense

The EBIT stands for earning before interest and taxes

And, EBIT - income tax expense = Earning after taxes (EAT)

The operating cash flow is the amount which is left after paying all the expenses related to cash

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3 years ago

Cnooc, a Chinese public-sector company, has made a bid to purchase Canada’s Nexen, a big oil company, for C$ 15.1 billion in Jun

Phoenix [80]

Answer:

351,830,000 Yuan

Explanation:

Investment value = C$ 15.1 billion

Value in Yuan in June 2012 = C$ 15.1 billion x 6.3698 Yuan/C$

Value in Yuan in September 2012 = C$ 15.1 billion x 6.3465 Yuan/C$

The difference in Yuan if Cnooc has purchased Nexen in September instead of June is:

$D= 15,100,000,000*(6.3698 - 6.3465)\\D= 351,830,000 \ Yuan$

Cnocc saves 351,830,000 Yuan

3 0

3 years ago