Click here 👆 to get an answer to your question ️ .Which one of the following is a factor of production? C.Formal planning is … Start studying Ch. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.There are three basic resources or factors of production: land, labour and capital. B) Restricted to the land resources such as natural resources that are unimproved by human economic activity. Join now. All else equal, in an economy made up of firms and households, these factors of productions are sold by households to firms and thus firms are buyers of factors of production, which they use as input in the production of products. Factors are divisible when their inputs can be adjusted to the output. Join now. Which of the following are the factors of w² + 4w + 4 - 3417207 Which of the following are factors of production a Capital and land b Scarcity from US ECONOMI economics at Wiregrass Ranch High School Log in. 1. naimdimaucom naimdimaucom 7 hours ago Science Junior High School Which of the following are the factors that affect gr avitational potential energy 1 Factors of Production: Factors of production are resources used by a firm to produce the goods and services that are sold to consumers. A) The outputs generated by the production process transforming land, labor, and capital in to goods and services. Log in Join now 1. When businesses use resources to produce things we call these factors of production.In this section we will examine the factors of production and see how they contribute to the outputs of a business. Factors of production are inputs used to produce an output, or goods and services. Ask your question. In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. Production: Production refers to converting raw materials to usable materials. B.In studies where formal planning didn't lead to higher performance, poor leadership was the culprit. All of these factors also earn income in one form or another. Which of the following are the factors of the mathematical expression - 3232705 It may be noted that when there is a change in these non-price factors, the whole curve shifts rightward or leftward as the case may be. a. They are the inputs for the process of production. Learn vocabulary, terms, and more with flashcards, games, and other study tools. These other factors determine the position or level of demand curve of a commodity. Start studying The World of Agriculture. quality control. Start studying ISDS exam 1. The following factors determine market demand for a commodity. Factors of production are the inputs needed for the creation of a good or service. Labor, Capital B. Factors … Answer to Q4. of the following are factors of -15 whose sum is -2 - 5973419 Labour is said to be divisible when the number of labourers may be reduced in keeping with the output of the firm. 1 Economics. First, for A, all the factors of production which are land, labor, capital, and entrepreneurs are not scarce; they are unlimited. following year, leaving as his testament this elquisite aesthetic exercise: a gallery filled with isolated, perfectly lit, sculptural "masterpieces." Ask your question. Factors of production are also known as resources. (a) money (b) land (c) human capital (d) entrepreneurship. a. B.The factors plus technology determine the physical limits to production, is TRUE . Which. A.The external environment seldom impacts the effectiveness of planning. b. Their ownership and value are the bedrock of any economic system. What you’ll learn to do: list and explain the four factors of production required to sustain a business. The outputs generated by the production process transforming land, labor, and capital into goods and services. These are the various factors by mean any resource is transformed into a more useful commodity or service. 2. For C, all countries have an unlimited quantity of factors. arslanaleem987654 arslanaleem987654 9 hours ago Economy Secondary School +5 pts. Factors of production are also divided into divisible and indivisible factors. Which of the following are factors of production? Loans, Credit Cards C. Taxes, Transfers D. Goods, Services c. Factors of production … Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which of the following are factors of production? Which of the following are the - 6653157 1. Join now. Political science. What are known as the factors of production Get the answers you need, now! a. Which of the following are factors of production? The factors of production include land, labor, entrepreneurship, and capital. Log in Join now Secondary School. Log in. 1. Ask your question. b. Resources restricted to the land, such as natural resources that are unimproved by human economic activity. Answered They are the starting point of the production process. Which of the following is true concerning the planning-performance relationship? The factors that affect the reject rates at the company's footwear production facilities include the size of the incentive payment per non-defective pair produced, best practices training expenditures per worker, spending for TQM/Six Sigma quality control efforts, and the number of models/styles comprising the company's product line. For D, … MyBizLab with Pearson eText -- Access Card -- for Better Business (4th Edition) Edit edition. Start studying The Three Questions of Economics. Play this game to review Economics. Problem 1MC from Chapter 1: Which of the following are the factors of production?a. * 1/1 A. Which of the following are factors of production? Log in. The following points highlight the ten factors affecting the the rate of aerobic respiration. All of the following are factors of production EXCEPT: A. capital B. labor C. currency D. land Anything that helps in production is the factor of production. Factors of Production. PRODUCTION The production area of a company is the part of the company that manufactures the product or provides the service that the company is selling. In order to produce any good or services, it is necessary to have factors of production. They are resources a company requires to attempt to generate a profit by producing goods and services. Learn vocabulary, terms, and more with flashcards, games, and other study tools. With respect to factors of production, which of the following statements is not true? It is just the beginning. 1. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Log in. C) Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories). Join now. Restricted to the land resources such as natural resources that are unimproved by human economic activity. c. b. Uncontrollable risks are risks that the business can't control, such as external economic factors, natural disasters, and so on. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Start studying Scarcity and the Factors of Production. Option (1) Capital and landExplanation: Land, capital, labor and entrepreneurship are the four main categories of factors of production. Tastes and Preferences of the Consumers: The outputs generated by the production process transforming land, labor, and capital into goods and services. A garbage truck driver is an example of which Factor of Production? 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