Two keys to the utilization of an economys factors of production are technology and, in the case

Question:

Two keys to the utilization of an economy’s factors of production are technology and, in the case of a market economic system, the efforts of entrepreneurs.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Microeconomics

ISBN: 9781843317708

1st Edition

Authors: Libby Rittenberg, Timothy Tregarthen

See More Books

Question Posted: Nov 06, 2024 08:00 AM

See More Questions

Entrepreneurship and innovation The keys to global economic recovery invention Executive summary At a time when entire economies and industries are reeling from the nancial crisis, business leaders...
In a one-page paper, answer the following: What is the function of venture capital in the United States and why is it important and/or needed? Describe the seven constants that apply across any...
(Short-Answer and Algebraic Questions): (The numbers in square brackets give the breakdown of the points for various parts of each question. please explain your answers.) 1. This questions is based...
Acceleration is the rate of change of velocity with time. Is the acceleration vector always aligned with the velocity vector? Explain.
Choose a current issue of Kiplinger's Personal Finance Magazine or Money and summarize an article that provides suggestions on how you could use your money more effectively.
Transferred-in costs, weighted-average and FIFO methods. Frito-Lay, Inc., manufactures convenience foods, including potato chips and corn chips. Production of corn chips occurs in four departments:...
Two keys to the utilization of an economys factors of production are technology and, in the case of a market economic system, the efforts of entrepreneurs.
Humble Company has provided the following budget information for the first quarter of 2016: Total sales ....................$ 208,000 Budgeted purchases of direct materials ....... 40,150 Budgeted...
11. The operating life on a "Play All Day" video game is normally distributed with a mean of 48 months and a standard deviation of 6 months. The manufacturer will replace any games that malfunction...
Capital is a factor of production that has been produced for use in the production of other goods and services. Natural resources are those things found in nature that can be used for the production...
1. An unemployed factory worker
In Exercises 4752, graph functions f and g in the same rectangular coordinate system. Graph and give equations of all asymptotes. If applicable, use a graphing utility to confirm your hand-drawn...
Prest Metal Products manufactures and sells various products. The products are manufactured at one of a few plants (depending on the product) and then shipped to a distribution center for eventual...
1. Maya Company is considering a new 3 year expansion project that requires an initial fixed asset investment of $1.2 million. The fixed asset will be depreciated on a straight line basis over its 3...
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,060,000. During 2021, costs of $2,020,000 were incurred with...
Question 6 (1 point) Fred, Barnie and Mr. Slate are partners in a properly registered limited partnership. Fred and Barnie are general partners and Mr. Slate is a limited partner (he invested $10,000...
d Question 8 0/1 pts When you take a hot shower or run hot water on a faucet, the hot water that you use is being generated by a water heater. Residential water heaters typically work by maintaining...
(Lamperti20) An urn contains exactly 5000 balls, of which an unknown number X are white and the rest red, where X is a random variable with a probability distribution on the integers 0, 1, 2, . . . ,...
The following cost information was provided to you for analysis: September 12,000 Units Produced Costs: TIC TAC TOE TING August 10,000 P80,000 70.000 60.000 50,000 How much is the fixed cost per...

Two keys to the utilization of an economys factors of production are technology and, in the case

Question:

Step by Step Answer:

Principles Of Microeconomics

Students also viewed these Business questions