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Sati [7]
3 years ago
14

Three examples of capital as a factor of production, and explain how it is different from land?

Business
2 answers:
Morgarella [4.7K]3 years ago
4 0
<span>Capital as a factor of production is defined as the tangible products made by labor.
</span>Land as a factor of production means not just the surface of the earth, but everything in the universe that wasn't created by people. This includes all natural resources, such as air, water, plants, sunlight, rocks, and minerals. 
Examples:
1) Clothes ( because you have to be clothed)
2) Milk ( you immediately want to consume it)
3) Wine ( grapes go in wine comes out) 
You don't need to use the parenthesis I just wanted to explain to help you understand. 

Liono4ka [1.6K]3 years ago
4 0

Answer and Explanation.

Production is a process of a process of bringing the raw materials together, work on them to come up with finished goods as the final product in order to make profit or with an aim of getting profit.

A factor of production is anything that is incurred in production of goods and services to facilitate the its production in order to to make profit.

capital factor of production is the is the amount in cash that many producers use to produce goods and services. Examples are use of computers,trucks to deliver goods and services ,forklifts e.t.c. they include all man made resources.

The difference between capital and land factors of production is that capital includes all man made resources while land factor includes all human resources.

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Suppose the mean income of firms in the industry for a year is 75 million dollars with a standard deviation of 17 million dollar
Readme [11.4K]

Answer and Explanation:

Given:

μ = 75 million

SD = 17 million

Probability (x) raw data = 110 million

Computation:

= Probability (x) < 110 million

= Probability [(x-μ) / SD] < [(110 - 75) / 17]

[(x-μ) / SD] = Z

= Probability [z] < [(35) / 17]

= Probability [z] < [2.05882353]

Using z calculator:

P-value from Z-Table:  

Z score = 0.98024

Therefore, probability is 0.98024

4 0
3 years ago
Convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.​
masya89 [10]

Answer: See explanation

Explanation:

To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

= 177°Celcius

(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

= 273 - 273

= 0°C

(c) 73 k

Temperature in Celcius = Temperature in Kelvin - 273

= 73 - 273

= -200°C

6 0
3 years ago
How did Apple become successful?
UNO [17]

Answer:1 reason Apple has been so successful can be traced to Steve Jobs. When Apple first went public in 1980, it was worth about $100 million under the leadership of Jobs, who left Apple in 1985. ... When he rejoined in 1997, he faced the task of restructuring an organization that was on the brink of bankruptcy.

Explanation:

3 0
3 years ago
The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable
Ilya [14]

Answer:

a. $337,000

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased

Let plug in the formula

Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000

Cash provided by Operating activities=$337,000

Therefore the cash provided by operating activities was $337,000

3 0
3 years ago
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0
4 years ago
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