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3 years ago

List and explain the four factors of production, stating their reward.

1 answer:

5 0

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

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Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 50,000 bottles of wine were sold every

grigory [225]

Answer:

$1 and $3

False

Explanation:

As per the data given in the question,

Amount of tax for each bottle is $4 because the sellers are receiving $2 and buyers are paying $6. Therefore,

Amount of the tax on a bottle of wine is $6 - $2 = $4

Burden on the consumer = $6 - $5

= $1

Burden on the seller = $4 - $1

= $3

False, because the tax incidence depends on the flexibility or elasticity of market.

6 0

3 years ago

Bob Bungler, owner of Bungler Appraisals, has received an assignment to appraise a property located in a small town that has one

umka2103 [35]

Answer:

(A) Principle of Supply and Demand

Explanation:

In economic theory, the law of the organic market is viewed as one of the significant standards administering an economy. It is depicted as the state though supply expands the cost will in general drop or increase, and as request builds, the price will in general increment or the other way around. The increase in demand is equivalent to moving the blue line to one side. A model would be twice the same number of clients needing to purchase the item because of good verbal exchange and promoting.

3 0

3 years ago

A shortage of qualified personnel is one of the main reason that companies outsource. A project may require experts in a particu

k0ka [10]

Answer: Access to specific skills

Explanation: The benefit of outsourcing that the company is getting in the given example is that the company could get access to experts in the particular jobs that are important for a project.

By outsourcing certain jobs, expert knowledge can be used to operate business with the additional benefit of hundred percent focus.

7 0

3 years ago

Given the following, calculate total manufacturing costs: Direct materials cost: $62,000 Direct labor cost: $78,000 Manufacturin

Nesterboy [21]

Answer:

a) $186,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Direct material cost + direct labor cost + manufacturing overhead applied

= $62,000 + $78,000 + $46,000

= $186,000

Hence, the total manufacturing cost is $186,000

Therefore the correct option is A.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0

3 years ago

You currently own 900 shares of JKL which is an all-equity firm with 250,000 shares of stock outstanding at a market price of $4

Wittaler [7]

Answer:

90 shares

Explanation:

Calculation to determine How many shares of JKL stock must you sell to unlever your position if you can loan out funds at 6.5 percent interest

First step is to calculate Your initial investment

Your initial investment = 900 x $40

Your initial investment = $36,000

Second step is to calculate JKL value of stock

JKL value of stock = [250,000 - ($1M/$40)] x $40 JKL value of stock = $9M

Third step is to calculate JKL Total value

Value of Debt = 1M

JKL Total value = 9M + 1M

JKL Total value = 10M

Fourth Step is to calculate You new stock position

JKL Wight Stock = 9M/10M = 9/10

You new stock position = [9/10($36,000)]/10

You new stock position= $32,400/40

You new stock position=810 shares

Now let calculate the Number shares sold

Number shares sold = 900 Shares - 810 Shares

Number shares sold = 90 shares

Therefore the numbers or shares of JKL stock that must you sell to unlever your position if you can loan out funds at 6.5 percent interest is 90 shares

3 0

2 years ago

List and explain the four factors of production, stating their reward. ​

List and explain the four factors of production, stating their reward.