What are the factors of production

Assignment Help Business Economics
Reference no: EM13839444

What are the factors of production? Please list them and share your thoughts and insight on what they entail and how they relate to the opportunity costs of your decisions?

Reference no: EM13839444

Questions Cloud

The text defines an economic system : Privatization in transition economies is often justified on the grounds of increasing. The text defines an economic system as. Which of the following legal forms of business organization provides for limited liability?
Production function with labor on the horizontal axis : Suppose that a biotech firm makes diagnostic tests and has a fixed-proportions production function in which one unit of output (diagnostic test) is produced using one worker and two units of capital (machines).  Draw 3 isoquants for this production f..
Month real interest rate-exogenous change equilibria : Use the following data table to determine the equilibrium real interest rate after certain factors change: Month Real Interest Rate (%) Loanable Funds (trillions of $) Exogenous Change Equilibria (increases, decreases, or no change)
Labor force participation rate-unemployment rate : Homemakers are not included in the employment or labor force totals compiled by the Bureau of Labor Statistics household survey. They are included in the working-age population totals. Suppose that homemakers were counted as employed and included in ..
What are the factors of production : What are the factors of production? Please list them and share your thoughts and insight on what they entail and how they relate to the opportunity costs of your decisions?
Period -expressed in base-year dollars of value : Suppose that since some base year, the price index (or GDP deflator) has increased from 100 to 125. During the same time period, NOMINAL GDP has increased from $500 billion to $600 billion. What is the value of REAL GDP at the end of this period -exp..
Economy is capable of producing : Whenever the amount of output produced is not as great as the amount that the economy is capable of producing, there is a positive GDP ___________ and cyclical unemployment will be the result.
According to human skills theory of comparative advantage : According to the human skills theory of comparative advantage, developing countries would be expected to have a(n). After-transfers family income is the sum of
The term fiscal policy refers : In the long-run, if prices of all resources remain unchanged, when a firm doubles all resources the quantity of output more than doubles, the firm is experiences. The term fiscal policy refers to

Reviews

Write a Review

Business Economics Questions & Answers

  Multiplier effect

Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.

  Quantity-consumer surplus and producer surplus

Draw a supply and demand diagram to show what happens to price, quantity, consumer surplus (CS), and producer surplus (PS) in the market for computers.

  Q1 discuss the two views of government intervention in a

q1. discuss the two views of government intervention in a market-based health care system. illustrate role does the

  What is the tax revenue generated

Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..

  Determine the accounting-economic profit for this venture

Mary Graham worked as a real estate agent for Piedmont Preoperties for 15 years. Her annual income is approximately $100,000 per year. Mary is considering establishing her own real estate agency.  Determine the (pre-tax) accounting profit for this ve..

  What are the main differences between microeconomic

What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.

  What considerations come into play when considering

What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements

  The total cost functions for the two methods

Consider the owners of Cutitforme, a small lawn-mowing service. They can use one of two methods to mow lawns. Method 1 is to purchase a tractor that costs $200 a year to own and then spend $1 (for labor and gas) for every acre of grass cut. The total..

  What is present expenditure for the auxiliary equipment

The salvage value of either alternative is negligible at any time. If MARR is 10% per year, what present expenditure for the auxiliary equipment can plan you justify spending? Assume that you need the heating system in?nitely.

  The cost of common equity

A new common stock issue that paid a dividend of $1.76 million last year. The firm's divendends are expected to grow at 6.1 percent, per year, forever. The price of the stock is currently $27.58. The cost of common equity

  What is the opportunity cost of additional cups

If they currently at point B, what is the opportunity cost of 100 additional cups? if they currently at point D, what is the opportunity cost of 100 additional cups?

  Two big questions of economics and the economic way

Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd