If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.
<h3>
What is Factors of production?</h3>
Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.
Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.
Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the <u>Factors of production</u> of the car-manufacturing firm.
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Answer;
-Sanctions
Explanation;
-A sanction is a penalty levied on another country, or on individual citizens of another country. It is an instrument of foreign policy and economic pressure that can be described as a sort of carrot-and-stick approach to dealing with international trade and politics.
-The immediate impact of an import sanction on the target country is that the country's exports are not purchased abroad. Depending on the target country's economic reliance on the exported good or service, this could have a crippling effect.
-The sanction might cause the sort of political and economic instability that results in a more totalitarian regime, or it can create a failed state due to a power vacuum. The target country's suffering is ultimately borne by its citizens, who in times of crisis may solidify the regime in charge rather than overthrow it.
Answer:
The correct answer is C.
Explanation:
The difference between the variable costing method and the absorption costing method, os that the last one includes the fixed manufacturing overhead in the product costs. This means that the units that remain in inventory at the end of the period will include fixed overhead. The cost of goods sold is lower in absorption costing only if not all the units produced are sold.
<u>If all the units produced are sold, both methods provide the same operating income.</u>
Answer:
The answer is: A) $15
Explanation:
Consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the price of the product.
Andrew was willing to pay up to $45 for the potato cannon and its price was only $30, so the consumer surplus is $15.
Answer: D. Would government regulations significantly impede Vytel's ability to make profits?
Explanation:
The challenge to doing business in the country is that there are barriers to entry which are most probably government regulations.
The opportunity however is that there is a demand for Vytel's products and services which means that there is a chance to make profits.
The question the consulting firm should be asking therefore is if the profits that could be made could be impacted by the government regulations so significantly that there would be no benefits.