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Tamiku [17]
3 years ago
11

William Welsh, a former Air Force pilot, decides to operate a helicopter tour company to provide customers with breathtaking vie

ws of the Rocky Mountains. He obtains a loan and purchases the necessary land, facilities, advertising, and five helicopters for his business. What important factor of production has he overlooked in creating his business?
Business
2 answers:
vekshin13 years ago
8 0

Answer:

labor

Explanation:

There are four factors of production; land, labor, capital and entrepreneurship:

  • William is the entrepreneur,
  • Capital accounts for the helicopters, facilities and the advertisement.
  • Land in this case is the plot of land where the business will be located.
  • But who will fly the helicopters and perform maintenance operations? Who will sell the tours and perform administrative tasks? William will not fly the 5 helicopters himself, perform maintenance operations and sell the tours.

olga_2 [115]3 years ago
6 0

Answer:

Labor has been overlooked

Explanation:

The factors of production are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. 

The first factor of production is land, but this includes any natural resource used to produce goods and services. William Welsh obtains a loan and purchases the necessary land

The second factor of production is labor. Labor is the effort that people contribute to the production of goods and services. Labor resources include the work done as the work of the pilot flying the airplane overhead. He needs pilots for his helicopters he has overlooked it.

The third factor of production is capital. Think of capital as the machinery, tools and buildings humans use to produce goods and services. His capital are his helicopters, loan facilities

The fourth factor of production is entrepreneurship. An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit. William Welsh is the enterpreneur

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Royal Dutch Shell(RDS) acquires ethanol fuel from Brazilian Cosan energy company. The Ethanol costs 500 million Brazilian Real(B
Fudgin [204]

Answer:

The answer is 5000 future contracts

Explanation:

Solution

Given that:

Royal Dutch buys ethanol fuel from Brazilian energy company

Nowm,

The Required coverage = 500,000,000

The BRL/USD futures contract size = 100,000

Number of contracts required = 500,000,000/100,000

So,

= 500,000,000/100,000  = 5000

Therefore, the optimal number of BRL/USD futures contracts for Shell to take to receive the entire amount of Real at delivery is 5000

3 0
3 years ago
g If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth:1)A)nothing today)less than $
galben [10]

Answer:

b)less than $500,000 today, but a positive amount.

Explanation:

By the virtue of the concepts of compounding and discounting, we understand that $1 today is worth more that $1 in the future.

Where Pv = Present value

Fv = Future value

r = discount rate

t = time

Fv = Pv ( 1 + r)^t

As such If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth less than $500,000 today, but a positive amount.

5 0
3 years ago
Sue and Neal are twins. Sue invests $5,000 at 7 percent when she is 25 years old. Neal invests $5,000 at 7 percent when he is 30
Vladimir79 [104]

Answer:

B. Sue will have more money than Neal at age 60

Explanation:

Sue and Neal invest the same amount of money ($5,000) at the same interest rate (7%), but Neal makes the investment 5 years later than Sue and they will be retire at the same time. Therefore Sue´s investment will earn more compound interest than Neal´s, so she will have more money at age 60.  

4 0
3 years ago
Cassiopeia is a country facing an acute financial crisis. Coupled with a negative growth? rate, the rate of inflation in the eco
Sveta_85 [38]

Answer:

These two statements are correct:

A. The level of private sector spending on real assets in Cassiopeia has traditionally been low.

If the economist Danny Cox is recommending increases in government investment in real assets, it must be because the private sector is not investing enough.

An economy with low levels of private investment is an economy that in the long-run will not grow because investing is what produces capital accumulation, and what faciliates technological change, and those two factors are the most important variables for economic growth.

E. Irrespective of what policy measure the government implements to combat the crisis, inflation in Cassiopeia is likely to increase further.

This statement is correct if it is referring to the two policies recommended by economist Cox and unionist Boyle. Niether an income tax refund, or an increase in government spending are measures that tackle inflation, and in fact, both could increase inflation.

A income tax refund would put more cash in the hands of the public, and if demand for money is low, this would increase the velocity of circulation, and the more rapidly money circulates, the higher the inflation rate according to the quantity theory of money.

And more government spending is a form of expansionary fiscal policy that could increase inflation if the government finances the expenses by printing money.

5 0
3 years ago
. Suppose absolute purchasing power parity holds. The exchange rate between British pounds and US dollars is British pound 0.75
svetoff [14.1K]

The stereo would cost 3750 British pound in Britain at the prevailing exchange rate.

Explanation:

Given details-  

The exchange rate between the British pound and US Dollar- 0.75 British pounds for 1 USD

Cost of the stereo= 5000 USD

Proportionate cost of the stereo in the British pound-

Exchange rate conundrum can be understood in the following way easily-

It means that for every 1 USD, a person in Britain would shell out 0.75 British pounds. In other words, the British pound is dearer than USD.

Since the cost of the stereo is 5000 USD and 1 USD is 0.75 British pound

5000 USD would equal 5000* 0.75 British pound= 3750 British pound

cost of the stereo is 3750 British pound

3 0
3 years ago
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