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Semmy [17]
3 years ago
10

The process of production is determined by the ____________ which are the economic resources used for creating output.A) factors

of productionB) consumer utilitiesC) national sovereigntiesD) labor and land
Business
1 answer:
statuscvo [17]3 years ago
7 0

Answer:

The answer is letter A, factors of production.

Explanation:

In economics, the process of production refers to the combination of material inputs and immaterial inputs (the know-how) in order to produce an output that is required by the market. In order to determine the process, it is important to know the factors of production.

<em>The factors of production are the inputs used in order to produce an output, goods or services. </em>There are mainly four factors of production: land, labor, capital and enterprise.

1. Land - refers to the natural resources available for production.

2. Labor - refers to the human input into the production process.

3. Enterprise- refers to the entrepreneurs who organize factors of production and take risks.

4. Capital- refers to the goods used in the supply of other products.

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Plz, help ASAP!!!!
chubhunter [2.5K]

Answer:

The incorrect statement is letter "D": Saving can only be done in person. Investing can be done both in person and online.

Explanation:

There are several differences between saving and investing. Both of them have the potential to grow capital over a specific period. While saving is beneficial in the short run, investment is in the long run.  

Though, saving money implies depositing it in an account to make a profit out of the annual interest rate offered by banks. <em>The money can be deposited in person, through wire transfers or online transfers between accounts</em>. Investing is characterized by risking money through acquiring assets such as stocks, bonds, or mutual funds. That money can be provided by the investor in a meeting with the people in charge of managing the money or through online brokers.

6 0
3 years ago
Omega Custom Cabinets produces and sells custom bathroom vanities. The firm has determined that if it hires 10 workers, it can p
adell [148]

Answer:the correct answer is A. For the 11th worker, the marginal profit is $600.

Explanation:

10 men             20  vanities per week

11   men            22 vanities per week

1 man more       2 vanities more

If the company uses 1 man more produces 2 vanities more, so the company spends $1000 on the extra man and makes 2*$800= $1,600 (for two extra vanities). For the 11th worker, the marginal profit is = $1600-$1000= $600

6 0
3 years ago
. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
Elina [12.6K]
20% down will be $50,000 so the balance will be $200,000 to take out a mortgage for. The higher the down payment the lower the mortgage required and lower payments would ensue also. Also, once one has a mortgage it ie wise to pay it by the week to reduce the interest. Over time this practice makes a difference.
7 0
3 years ago
Read 2 more answers
Who is most likely to threaten the security of a business?
Alex73 [517]

Answer:

B

Explanation:

Outsiders who were once employees

Because they have the inside information. And if your up to any tricks, they'll know! And you'll basically be at their liberty.

4 0
2 years ago
Which of the following is true? Question 8 options: The convenience yield is always positive or zero. The convenience yield is a
ss7ja [257]

Answer:

The convenience yield is always positive or zero

Explanation:

the convenience fields measure the benefit of owning an asset rather than having a forward/futures contract on an asset . For an investment asset it is always zero . For a consumption asset it is greater than or equal to zero.

8 0
3 years ago
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