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Lostsunrise [7]
2 years ago
11

Factors of production are a. the physical relationships between economic inputs and outputs. b. the mathematical calculations fi

rms make in determining their optimal production levels. c. social and political conditions that affect production. d. inputs into the production process.
Business
1 answer:
AlladinOne [14]2 years ago
5 0

Answer:

d. inputs into the production process.

Explanation:

The factors of production refers to the inputs or the resources that are processed to produced an output so that the economic profit could be made

It comprises of the following

a. Land

b. Labor

c. Capital

d. Entrepreneurship

These four factors of production are used to make an economic profit by converting the inputs into outputs

You might be interested in
1 Carlos owns a private limited company called BettaBakers Limited. It produces
deff fn [24]

Answer:

Explanation:

A) Lean production basically focuses on using all of the waste that a company produces in all of its processes so that no actual resources are left unused.

B) In this scenario, this can be achieved by using all of the excess baking mixtures and combining them into extra products as well as recycling used containers.

C) Carlos could either lower costs by using cheaper materials or hire more employees.

D) Batch production allows Carlos to produce large quantities of his products at a much faster and therefore more efficient pace. This also increases profits as they have more supply to match the demand.

E) This depends on whether or not Carlos has sufficient demand for his products. Otherwise, he would waste large amounts of money on implementing a flow production method and then not have enough demand to sell all of his products, which will therefore cost him even more money in losses.

8 0
3 years ago
When price decreases, quantity increases. Price elasticity of demand measures how much ________.a. The price decreasesb. The pri
erastova [34]

Answer:  

Price elasticity of demand measures how much the quantity increases when price decreases.

Explanation:

Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.

If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.

If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.

And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.

6 0
3 years ago
How to calculate gross margin Description AmountNumber of units sold 800 unitsSelling price per unit $500 per unitCost of goods
shutvik [7]

Answer:

$200,000

Explanation:

The computation of the gross margin is shown below:

As we know that

Gross margin = Sales - cost of goods sold

= (800 units × $500 per unit) - (800 units × $250 per unit)

= $400,000 - $200,000

= $200,000

We simply applied the above formula so that the gross margin could come

And the other items which are mentioned in the question are to be ignored as they are not relevant

8 0
3 years ago
What is the term for the rectangle where a row and column meet?
stiks02 [169]
Good day

<span>The point where a column and row meet forms a rectangle
called a </span><span>cell
</span>
god bless you

please mark brainliest
5 0
3 years ago
Suppose that the price of good X rises from $12.00 to $12.90, and as a result the quantity demanded of good X falls from 5,000 u
ivann1987 [24]

Answer:

The price elasticity of demand is 1.14.

The price is Elastic.

Elasticity is more than one so total revenue will fall.

Explanation:

Given the initial price of good x = $12

Final price of good x = $12.90

% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %

Initial quantity = 5000

Final quantity = 4600

% change in quantity = [(4600 - 5000)/5000] x 100 = -8%

Elasticity = % change in quantity / % change in price

Elasticity = 8% / 7%

Elasticity = 1.14

The price elasticity of demand is 1.14.

The price is Elastic.

Since elasticity is more than one so total revenue will fall.

5 0
2 years ago
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