All categories

3 years ago

Which of the following are the three major categories of resources?

Business

1 answer:

geniusboy [140]3 years ago

4 0

Answer:

E. Natural resources, Physical capital and Human capital

Explanation:

The above are the three major categories of resources because natural resources such as air, water etc are given by nature thus essential and constitute an important part of resources. Also, physical capital such as buildings, assets, motor vehicles etc are owned by a business or an organization to carryout daily business activities hence one of the major categories of resources.

Human capital is responsible for employing people to manage and control the natural resources and physical capital.

You might be interested in

The deadline to file your tax form is?

Vera_Pavlovna [14]

April 18th for 2016. Generally they are due in April in 2015 it was April 15th.

8 0

3 years ago

The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative i

belka [17]

Answer:

differential cost

Explanation:

When you are elaborating a differential cost analysis between two alternative projects or actions, you are looking for the difference in total costs between both alternatives.

For example, you might elaborate a cost analysis to decide whether to continue or stop the production of a certain good. What are the costs associated with stopping the production versus thee profitability of continuing the production.

5 0

3 years ago

Which depict a negative externality? (Select all that apply)

kompoz [17]

Answer:

The corrects answers for this would be A and C.

Explanation:

As you can see, for both a and c, those are the only two answers that have a negative outcome, hence the negative externality.

5 0

3 years ago

If Good C increases in price by 30% a pound, and this causes the quantity demanded for Good D to increase by 40%, what is the cr

dalvyx [7]

Answer:

1.3

Explanation:

Given:

If Good C increases in price by 30% a pound.

This causes the quantity demanded for Good D to increase by 40%.

Question asked:

What is the cross-price elasticity of the two goods ?

Solution:

We can find the cross-price elasticity of the two goods by this formula:

$E_{c} = \frac{ Percent\ change\ in \a \ quantity \ of \ good \ D}{Percent \ change\ in\ the\ price\ of \ good\ C}$

$E_{c} = \frac{40}{30}= 1.3$

When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the is Good C and Good D is 1.3.

4 0

3 years ago

Cost of direct materials used in production $18,573 Direct labor 23,083 Factory overhead 33,632 Work in process inventory, March

GalinKa [24]

Answer:

cost of goods manufactured= $81,204

Explanation:

Giving the following information:

Cost of direct materials used in production $18,573

Direct labor 23,083

Factory overhead 33,632

Work in process inventory, March 1 24,104

Work in process inventory, March 31 18,188

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 24,104 + 18,573 + 23,083 + 33,632 - 18,188

cost of goods manufactured= $81,204

6 0

3 years ago