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Nadusha1986 [10]
4 years ago
9

What are examples of the factors of production that affect the output of a car repair shop?

Business
2 answers:
Sunny_sXe [5.5K]4 years ago
8 0

Answer and explanation:

Factors of Production is an economic term describing the general inputs used to produce goods and services to make a profit. Under the classical view of economics, the factors of production are four (4) and consist of <em>land, labor, capital, and entrepreneurship</em>.

When referencing a specific business, in this case a repair shop, factors of production could be the space to repair the cars (<em>land</em>), the number of mechanics in the shop (<em>labor</em>), and the quality of the tools to make the repairs (<em>capital</em>).

DanielleElmas [232]4 years ago
7 0

Answer:

Basically, The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Explanation:

In relation to a car repair shop, the land is needed in the form of workshops and/or offices.

Labor is explained as the manpower, that is the engineers: mechanics, rewier,

and others to work on vehicles.

Capital is the sum of money needed to acquire all equipment, machines and other things needed for the company.

And lastly, entrepreneur. This is the Brian behind the functioning of all other factors of production.

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NemiM [27]

It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by ​attracting water into the cell through increased electrolyte concentrations.

The current density necessary to achieve passivity in a specific metal electrolyte system depends on the electrolyte concentration. When iron and sulfuric acid are combined, the current density necessary for passivity falls as the sulfuric acid concentration rises.

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4 0
2 years ago
My husband is 48 and wants to have relations every day what can i do
Damm [24]
You can divorce or seperate.
5 0
3 years ago
As an economist working at the International Monetary Fund, you are given the following data for Burundi: observed per capita GD
aalyn [17]

Answer: 0.056

Explanation:

Total factor productivity is the ratio of the aggregate that is, the total output to the aggregate inputs. Total factor productivity is used to measure economic efficiency of a country.

From the question, we are informed that Burundi's observed per capita GDP, relative to the United States, is 0.01 and the predicted per capita GDP is 0.18. Then, the total factor productivity will be:

= 0.01/0.18

= 0.056

6 0
4 years ago
Kyle's net worth is $500 and his liabilities are $459. What is the total of his assets?
satela [25.4K]

The total of his assets is $959

<u>Explanation:</u>

assets - liabilities = net worth

assets = net worth + liabilities

assets = 500 + 459

assets = $959

Therefore, the total of his assets is $959

7 0
3 years ago
Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the com
spin [16.1K]

Answer: 7.48%

Explanation:

Weighted Average Cost of capital is simply the weighted average of the costs of equity and debt.

Cost of Equity

= \frac{Next dividend}{Stock Price ( 1 - flotation Costs)} + growth rate

= \frac{0.65}{19(1 -0.1)} + 0.06

= 9.80%

Cost of debt

= Interest ( 1 - Tax)

= 0.075 (1 - 0.40)

= 4.65%

WACC = 9.80% * 0.55 + 4.65% * 0.45

= 7.48%

6 0
3 years ago
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