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4 years ago

What are the factors of production?

2 answers:

5 0

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

pishuonlain [190]4 years ago

3 0

human, natural, and capital resources that are used to make products to be sold

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Consider each of the following scenarios. For each, would it cause a shift in demand, a shift in supply, or neither a shift in d

Andreyy89

If Adidas lowers its price, there would be a shift to a shift in demand to the left.

An increase in the wages of labor would lead to a shift in supply to the left.

As a result of the report, there would be a shift in demand to the right.

The arrest of the celebrity will neither shift demand or supply.

A decrease in the price of Adidas' shoes will neither shift demand or supply.

<h3>What cause a change in demand?</h3>

A change in consumers' expectation : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

A change in the taste of consumers : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

A change in consumer's income: : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

A change in the price of substitute goods: when the price of the substitute good increases, the demand for the good would increase. The opposite is the case when the price of the substitute good decreases.

Here is the complete question:

Nike is wondering how Adidas's decision to lower its prices will affect Nike.

2. Apple, which makes the iPhone, is forced to pay its workers higher wages.

3. A new report indicates that eating hot dogs can prevent cancer.

4. Adidas decides to lower the prices of its shoes.

5. A celebrity who endorses Subway is arrested.

For more information about the change in demand, please check: brainly.com/question/25871620

6 0

3 years ago

On January 1, 2017, Marin Company purchased 12% bonds, having a maturity value of $320,000, for $344,260.74. The bonds provide t

kap26 [50]

Answer and Explanation:

The Journal entry is shown below:-

1. Debt Investment Dr, $344,260.74

To Cash $344,260.74

(Being cash paid is recorded)

2. Interest Receivable Dr, $38,400

To Debt Investment $3,973.93

To Interest Revenue $34,426.07

(Being interest received is recorded)

Fair Value Adjustment Dr, $1,713.19 ($342,000 -$340,286.81)

To Unrealized Holding Gain or Loss - Equity $1,713.19

(Being fair value adjustment is recorded)

3. Unrealized Holding Gain or Loss - Equity $7928.68

($335,915.49 - $329,700 + $1,713.19)

To Fair Value Adjustment 7,928.68

(Being unrealized loss or gain is recorded)

Working note

Book value of Interest Interest Amortization Book value

debt beginning Revenue Receivable (d = c - d) of debt

(a) b=(a × 10%) c at the end

($320,000 × 12%) (e - d)

$344,260.74 $34,426.07 $38,400 $3,973.93 $340,286.81

$340,286.81 $34,028.68 $38,400 $4,371.32 $335,915.49

8 0

3 years ago

Decision making in the international environment is __________ it is in a purely domestic environment. Group of answer choices l

Schach [20]

Decision making in the international environment is more complex than it is in a purely domestic environment.

<u>Explanation:</u>

A decision making is considered as a process that not only involves of making different choices out of the various alternatives available but also involves the step of identifying such alternatives and assessing them in a proper way. While making various decision is foreign environment, it is considered as a complex process.

Thus, out of the given options, the correct option is – more complex than.

3 0

4 years ago

When the output of some units can be used as inputs to other units, or if two organizations pool markets and expertise that resu

natulia [17]

Answer: Synergies

Explanation: Synergy is achieved when people work together and achieve something greater than the sum of what they could've achieved alone.

When the output of some units in a firm can be used as inputs to other units, synergies develop, which can lower costs and generate profits.

8 0

3 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta

galben [10]

Answer:

See below

Explanation:

Given the following;

Standard hours per unit of output 6.4 hours

Standard variable overhead rate $12.80 per hour

Actual hours 2,650 hours

Actual output 150 units

To calculate the variable overhead efficiency variance, we will use the formula below;

Variable overhead efficiency variance

= (Standard quantity - Actual quantity) × Standard rate

Standard quantity = 150 units × 6.4 = 960

Variable overhead efficiency variance

= (960 - 2,650) × $12.80

= $21,632 unfavourable

4 0

3 years ago