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2 years ago

What are the factors of production required by jewellery shop to operate its business

Business

1 answer:

Blababa [14]2 years ago

4 0

Answer:

See explain

Explanation:

There are 4 factors of production, land labor entreprenuership and capital.

The land of the jewellery shop would be the actual land that the store is on itself. The labor of the shop would be any of the work that any employees are doing. The capital would be any goods or machinery that is used in the store like cash registers, or bulletproof glass to protect their belongings, or any tools that the store uses to help make their jewellery etc. The last and final factor entrepreneurship might be for example the owner of the store, who manages the other 3 factors to bring a profit to the store.

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Mikail's perfectly competitive camera memory card–producing factory is making positive economic profits. If the price of memory

irina1246 [14]

Answer:

B. $6000

Explanation:

Given that

Price = $9

Average total cost (ATC) = $7

Output (Q) = 3000

Two methods can be used in calculating profit in this case.

The first method is

Profit = (price - ATC) × Q

= (9 - 7) × 3000

= 2 × 3000

= $ 6000

The second method is

Profit = Total revenue (TR) - Total Cost (TC)

Where TR = Price × Q = 9 × 3000 = $27000

TC = ATC × Q = 7 × 3000 = $ 21000

Therefore,

Profit = 27000 - 21000

= $6000

Any method used will result to the same answer.

NOTE THAT,

ATC = Total cost / Q.

So change of formula was used to obtain Total cost from this formula.

4 0

3 years ago

Listening skills are often as difficult to develop as speaking skills. True False

Drupady [299]

some people say its true others say its false

I would say its false

hope this helps :)

5 0

3 years ago

This area offers the broadest possible range of job options:

RSB [31]

probably New York i think so

4 0

2 years ago

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in

Anettt [7]

Answer:

$5,472

Explanation:

Calculation for Alison record of purchase :

First step

Invoice price ×Percentage of payment term

Where:

Invoice price =$5,700

Percentage of payment term =96%

(100%-4%)

Second step

$5,700×96%

=$5,472

Therefore Alison should record the purchase at: $5,472

4 0

3 years ago

The Jones Company plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $30. If the

Sever21 [200]

Answer:

c) $25

Explanation:

The value of a preferred stock is the present value of the constant dividend payable for the foreseeable future discounted at the required rate of return

Price = Constant dividend/ required return

The constant dividend = Dividend rate × par value

Dividend as be given as $5 per share

requited return - 20%

So the price of the stock would be

Price = 5/0.2

= $25

7 0

2 years ago