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3 years ago

In what industry is labour likely to be the most important factor of production

Business

1 answer:

Lisa [10]3 years ago

4 0

Answer:

Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves.

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120 minus multiplied by 4/4

Vsevolod [243]

Answer:

117

Explanation:

Please mark brainliest and have a great day!

5 0

3 years ago

What’s the difference between LRAS and SRAS

Crank

Answer:

Whereas the SRAS curve is upward sloping, the LRAS curve is vertical because, given sufficient time, all costs adjust.

Explanation:

3 0

3 years ago

A closed economy has income of $1,500 billion, government spending of $260 billion, taxes of $180 billion, and investment spendi

Vikentia [17]

Answer:

(i) $940 billion

(ii) $380 billion

(iii) -$80 billion

(iv) $300 billion

Explanation:

Income, Y = $1,500 billion

Government spending, G = $260 billion

Taxes, T = $180 billion,

Investment spending, I = $300 billion

As Y = C + G + I

Consumption spending, C = $1,500 - $260 - $300

= $940 billion

Private savings = Y - T - C

= $1,500 - $180 - $940

= $380 billion

Public saving = T - G

= $180 - $260

= -$80 billion

National saving = private + public

= $380 - $80

= $300 billion

5 0

3 years ago

Classify each item as an asset, liability, common stock, revenue, or expense.

kari74 [83]

Answer: The answer is as follows:

Explanation:

Each item is classified as follows:

(a) Issuance of ownership shares - Common Stock

(b) Land purchased - Assets

(d) Bonds payable - Liabilities

(e) Amount earned from selling a product - Revenue

(f) Cost of advertising - Expense

6 0

4 years ago

Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser

Sedbober [7]

Answer:

1. Predetermined overhead rate of admin costs - $ 27 per user.

2. Profit for TOOT Service - $ 808,725

Profit for TIX Service - $ 165,800

Explanation:

Computation of predetermined overhead rate

Product TOOT 7,700 users

Product TIX 15,600 users

Total users 23,300 users

Predetermined overhead rate per user $ 629,100 / 23,300 = $ 27 per user

Allocation of Admin costs - TOOT - 7,700/ 23.300 * $ 629,100 = $ 207,900

Allocation of Admin costs - TIX - 15,600/ 23,300 * $ 629,100 = $ 421,200

2. Computation of profit per service

TOOT TIX

$ $

Revenues 1,350,000 1.040.000

Less: Engineering costs ( 333,375 ) ( 453,000 )

Less: Allocation Admin costs ( 207,900 ) ( 421,200)

Profit 808,725 165,800

5 0

4 years ago