Answer:
The opportunity cost of painting a house is higher for Alex Rodriguez than for the high school student
Explanation:
An opportunity cost may be defined as a loss of any potential gain in the group of certain alternatives out of which one alternative is chosen.
In the context, when Alex Rodriguez, a famous player hires a student in order to paint his house, it seems that the opportunity cost is higher for Alex Rodriguez when compared to the high school student whom he hired to pain the house. This is because the school student is not professional in painting skills but Alex would have hired a professional painter then the painter would have done the job better than the school student.
The correct answer is C. The hypothesis of the study.
Explanation:
In research, informed consent implies the researcher needs to inform potential participants about different aspects of the research and their participation, in this way they can decide whether or not to participate. This includes explaining potential participants about possible harms or benefits, procedures they will be involved in, among others. However, the researcher is not forced to inform them about the hypothesis of the study as this might influence participants' answers or performance and thus make the research invalid.
Tropical hunters & gatherers
I believe the answer is: L<span>eadership attributes of effective leaders
l</span><span>eadership attributes of effective leaders Accounted various things that are necessary for a leader to lead its group members to achieve their goals.
This would include things such as time management, communication ability, delegating ability, </span><span>drive, integrity, and emotional intelligence </span>
Answer and Explanation:
Factors of production are resources or inputs put into the production of goods and services. There are four factors of production. They are: land, labour, capital and entrepreneurship
Land is considered a non depreciablle factor of production. It refers to all natural resources or gifts of nature and income from it is called rent.
Labour is human capital or input in production example workers in a factory
Capital is man made goods utilized to produce other goods
Entrepreneurship/entrepreneur is the factor of production that organizes the other factors of production and carries the economic risk
From the example, the factors of production include:
The forest with all the wood which falls under land factor of production.
Bill who falls under labour factor of production
His father's chainsaw which falls under capital factor of production
Bill's idea to use logs of wood for Christmas tree business constitutes entrepreneurship and Bill is also the entrepreneur here. This falls under the entrepreneurship factor of production
