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Elodia [21]
3 years ago
10

What is the difference between Product Markets & Factor Markets?

Business
1 answer:
soldi70 [24.7K]3 years ago
3 0

Answer:

The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods. ... Anything used in making a finished product—labor, raw materials, capital, and land—make up a factor market.

<h2><u>Hope</u><u> </u><u>it</u><u> </u><u>helps</u><u> </u><u>you</u><u>⚛</u><u>☸</u><u>.</u><u> </u></h2>

<em><u>Thanks</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u> </u></em>

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Which of these types of products usually involves the customer
kiruha [24]

Answer:

Shopping products

Explanation:

Shopping products usually involves the customer doing comparison shopping as customer like to compare price, quality, offers, discounts etc. There are several websites which help the customer in comparing the products available of various brands and then buying the product. It is helpful in making smart purchase and buying the products which are worth for the money spent. It give complete analysis of product quality and price.

8 0
3 years ago
Emporia Corporation is a lessee with a capital lease. The asset is recorded at $810,000 and has an economic life of 8 years. The
Doss [256]

Answer:

The amount of depreciation expense the lessee should record for the first year of the lease is $108,000

Explanation:

To calculate the depreciation expense for each year the first thing you have to do is to substruct from the initial value the fair value at the end fo the lease, obtaining this way the depreciable amount.

For this case it would be:

$810,000 - $270,000= $540,000

Then you have to divide the depreciable amount by the years of the term the lease.

$540,000/5= $108,000

4 0
3 years ago
The price elasticity of demand is –1.25, and the share of the tax borne by consumers is 0.80. what is the price elasticity of su
Musya8 [376]

<span>Price elasticity of demand is -1.25 =  Ed</span>

Price elasticity of supply = Es

Share of tax by consumers = 0.80 = Es / (Ed + Es) = Es / Es + 1.25

0.8 Es + 1 = Es

1 / 0.2 = Es = 5

Therefore, the price elasticity of supply is 5

<span> </span>

3 0
4 years ago
If the number of employed is _____ million and the total labor force is 50 million, then the unemployment rate is 10%.
dlinn [17]

Given the unemployment rate and the total labour force, the number of employed people is 45 million.

<h3>What is the number of employed people?</h3>

The unemployment rate is the percentage of the labour force that is A person is classified as unemployed if the person is without a job but has searched for employment within the past four weeks or the person is set to resume a job within the next three months.

The labour force consists of those that are unemployed and those that are employed.

Number of unemployed people : 10% x 50 million = 5 million

Number of employed people = 50 million - 5 million = 45 million

To learn more about unemployment, please check: brainly.com/question/10940465

#SPJ1

5 0
2 years ago
Peter has $50 to buy towels. The store has two brands: one set costing $30 and another set, of nicer quality, costing $45. He de
never [62]
<span><span>He already plans to spend $50 to buy towels and since both sets of towels cost less than $50 he decided to go with the better quality yet more expensive set of towels.</span>
</span>
7 0
4 years ago
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