This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A factor of production is the same as: a. the amount of a good produced. b. the price of a good. ... (Read 177 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
A factor of production is the same as:
 a. the amount of a good produced.
  b. the price of a good.
  c. a profit of a firm.
  d. an opportunity cost.
  e. a resource.

Question 2

Which of the following are factors of production?
 a. The outputs generated by the production process transforming land, labor, and capital in to goods and services.
  b. Restricted to the land resources such as natural resources that are unimproved by human economic activity.
  c. Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories).
  d. Just labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


sam.t96

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Wow, this really help

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production
Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio Mendel's breeding program that produced a 9 : 3 : 3 : 1 ratio
Transcription Factor Transcription Factor
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
World Crude Oil Production, 1900–2010 World Crude Oil Production, 1900–2010
The hormone leptin is produced in fat cells, moves through the blood, and binds to receptors in the The hormone leptin is produced in fat cells, moves through the blood, and binds to receptors in the
Video: Interview with Person having Obsessive Compulsive Disorder

For a complete list of videos, visit our video library