A factor of production is the same as: a. the amount of a good ...

[sam.t96]

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.

[briezy]

Answer to Question 1

e

Answer to Question 2

c

[sam.t96]

YES! Correct, THANKS for helping me on my review

[ghepp]

Great answer, keep it coming