In what ways does production involve more than the manufacture and fabrication of goods?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Since middlepersons shopkeepers financiers auto dealers etc create utility the...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Relative prices convey information about both production possibilities and people's preferences. What exactly is that information and how does its availability help attain an efficient allocation of...
-
Social entrepreneurs are entrepreneurs who use their talents to advance social causes that are typically linked to the provision of some type of public good. Their challenge within the civil society...
-
In exercise 27.3, we considered some ways in which we can differentiate between goods that lie in between the extremes of pure private and pure public goods. A: Consider the case where there is a...
-
A bond has an expected return of 15.33%, sensitivity to the term factor of 1.95 and to the default factor of 0.65. The current term risk premium is 3.01%. The risk-free rate of return is 3%. What is...
-
A compound (C4H6O2) has a strong band in the infrared at 1760 cm 1. Its 13C NMR spectrum exhibits signals at 20.2 (CH3), 96.8 (CH2), 141.8 (CH), and 167.6 ppm (C). The 1H NMR spectrum of the compound...
-
The following question pertains to the information provided in Appendix D. For additional practice using Tableau, a more detailed assignment is provided in Connect. Required Write a paragraph...
-
Claim: <188; a = 0.05. Sample statistics: 2118; a = 0.10. Sample statistics: 186, s = 12, n = 9 = 1787, s = 384, n = 17 EXTENDING CONCEPTS
-
CAF Company sells office equipment and supplies to many organizations in the city and surrounding area on contract terms of 2/10, n/30. In the past, over 75% of the credit customers have taken...
-
In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 650 units at $8, (2) 750 units at $10, and (3) 850 units at $11. Calculate average...
-
The index of industrial production (IPt) is a monthly time series that measures the quantity of industrial commodities produced in a given month. This problem uses data on this index for the United...
-
Why do differences of opinion among economists on matters of economic policy occur so frequently?
-
What are the four basic productive resources, and what form of compensation does each receive for its contribution to production?
-
You cannot make corrections to the payroll transactions once they have been entered into the computer.
-
The following data are available for S&R company7 for its first month of operations: Direct materials Direct labor @P40/hr Job 101 Job 102 Job 103 P60,000 P90,000 P56,000 18,000 36,000 38,000...
-
1 2. Let A(x) = sin t + 1 dt, find A'(x) at x = 0, and 2 3. Evaluate the following definite integrals: 2 (a) (3x + 4x)dx 4 (b) xdx
-
A debt can be repaid with payments of $3912 today, $2436 in 2 years and $6770 in 5 years. What single payment will settle the debt 3 years from now if interest is 10.5% compounded quarterly?
-
With the PID/Freeze Frame/Snapshot data monitor function, input/output signal monitor items set in the start/stop control module can be selected and read out in real-time. Answer the following PID...
-
Which of the four global strategies (International, Multidomestic, Global-Standardization, or Transnational strategy) is 3M using? Is this the best strategy for it to use? Why or why not?
-
In Exercises 2328, evaluate each factorial expression. 18! 16!
-
Decades after the event, Johnson & Johnson (J&J), the 130-year-old American multinational, is still praised for swiftly The company indicated that its response was based on the expectations set forth...
-
What is meant by a factor of production? Have you ever sold any on a market?
-
Why do you think per-capita income in Connecticut is nearly double that in West Virginia?
-
Most American businesses are small, but most of the output is produced by large businesses. That sounds paradoxical. How can it be true?
-
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
-
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...
-
As the representative of the local accounting club, you have been asked by the dean to help her understand the costs of the different degrees offered at the school. You decide to use an...
Study smarter with the SolutionInn App