Is one factor of production more important than the others? If so, which one? Why?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
All of the factors of production are important as a business cannot operate successful...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Business
ISBN: 978-0133354263
8th Canadian Edition
Authors: Ricky Griffin, Ronald J.Ebert, Frederick Starke, Melanie Lang, George Dracopoulos
Question Posted:
Students also viewed these Business questions
-
Suppose that firms operate in a competitive market, attempt to maximize profits, and only use one factor of production. Then we know that for any changes in the input and output price, the input...
-
Consider a world with two goods, corn and electronics, and two identical countries, Home and Foreign. There is only one factor of production, labor, and there are 1,500 workers in each country, each...
-
1. There is no formal code of conduct for managers. Given the regularity with which business scandals are reported in the media, do you think a code should be developed? Explain your answer. 2. Do...
-
Identify for each one individually if they are Intensive, selective, or exclusive distribution Identify which distribution strategy is being used in each of the following: 1. Coca Cola products 2....
-
What are the major forces that affect carrier pricing strategies?
-
Suppose that you are an analyst developing a new information system to automate the sales transactions and manage inventory for each retail store in a large chain. The system would be installed at...
-
Start from the posted T-accounts and the adjusted trial balance that Davis Consulting prepared for the company at December 31. At December 31, the business gathers the following information for the...
-
Dominic borrows 8900 dollars today, and agrees to repay the loan by making annual interest payments to the lender, and by also accumulating a sinking fund with increasing annual deposits to repay the...
-
Vicki's Fabric Store shows the trial balance on page 603 as of December 31, 20-1. At the end of the year, the following adjustments need to be made: (a and b) Merchandise inventory as of December 31,...
-
Consider the following statement: The high prices of commodities like rare earth metals and palladium are not really a concern because we do not need metals to survive. But, the high price of food is...
-
On various occasions, government provides financial incentives to business firms. For example, the Canadian government provided expert assistance to Bombardier Inc. with its Technology Transfer...
-
The names of the employees of Matson Office Systems and their regular salaries are shown in the following payroll register. Note that Wayne and Young are paid monthly on the last payday, while all...
-
Explain why its important to study management.
-
Wildhorse has not logged since 2016. If Wildhorse logged and sold 1,062,000 board feet of timber in 2027, when the timber cruise (appraiser) estimated 5,900,000 board feet, determine the cost of...
-
Y = AK[1-a R P = QAKa-1[1-a W P = (1 -Q) AKL-a 1= 14 1 -4 Y = C
-
Inferring Transactions from Financial Statements (FSET) Wired.com Inc. is a large e-commerce company, with over $31 billion in revenues for the fiscal year ended December 31, 20X2. For the year ended...
-
Finding Standard Deviation from a Frequency Distribution. In Exercises 37-40, refer to the frequency distribution in the given exercise and compute the standard deviation by using the formula below,...
-
What are the three types of unemployment? Unemployment is seen by some as undesirable. Are all three types of unemployment undesirable? Explain.
-
Suppose a population of bacteria doubles every hour, but that 1.0 x 106 individuals are removed before reproduction to be converted into valuable biological by-products. Suppose the population begins...
-
In terms of their evolutionary roots, how do you differentiate between product costing and C-V-P analysis?
-
Which of the following is not one of the elements of the balanced scorecard? a.cost system b.strategic initiatives c.performance targets d.strategy maps
-
Yield to Maturity and Call with Semiannual Payments Shares Remaining After Recapitalization Dye Trucking raised $75 million in new debt and used this to buy back stock. After the recap, Dye's stock...
-
Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzerias owner has determined that the shop...
Study smarter with the SolutionInn App