Which of the following is a characteristic of the factors of production

Answers

Answer 1

Answer:

Scarcity

Explanation:

Scarcity

Answer 2

As there are mainly four factors of production is there that are,  land, labor, capital, and entrepreneurship. These four factors are mainly in the economic concepts as well.

What is production?

Production is the process of mixing multiple inputs, both immaterial (such as plans or information) and material (such as metal, wood, glass, or polymers). In a perfect world, this output would be a product or service that is useful to people and has value.

The inputs required to produce commodities and services are referred to as factors of production in economics. Land, labor, capital, and entrepreneurship are the contributing variables.

Therefore, As a result, By these four factors, the economics concepts are there in it.

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Related Questions

a student is sitting on a chair, estimate the mass of the chair

Answers

Answer:

12 to 14 inches for children age 5 to 7, and 13 to 17 inches for children from 8 to 10 years old

Explanation:

Answer:

nice question

Explanation:

In his first school year, Leo contributed $13,468 toward college expenses. In his second school year, the expenses are expected to increase by 4%. What is the approximate minimum amount Leo should expect to contribute in his second school year? $13,472 $13,868 $14,007 $18,855

Answers

Answer:

The third option, $14,007

Explanation:

You have to find 4% of 13,468

13,468 × 0.04 = 538.72

Add them together

13,468 + 538.72 =14,006.72

14,006.72 can be rounded to 14,007.

Therefore, the answer is $14,007.

Answer:

$14,007

Explanation:

13,468 x 0.04 = $538.72

$13,468 + $538.72 = $14,006.72

Estimated to be $14,007

PLEASE HELP!!!Two college roommates are discussing how to divide up the chores for their shared apartment. See the chart below and answer the questions that follow in paragraph form. Sherrod Clarke Clean the Bathroom 60 minutes 45 minutes Dust a room 30 minutes 45 minutes 1.)What is Sherrod’s opportunity cost of cleaning the bathroom in terms of dusting a room? 2.)What is Sherrod’s opportunity cost of dusting a room in terms of cleaning the room? 3.)What is Clarke’s opportunity cost of cleaning the bathroom in terms of dusting a room? 4.)What is Clarke’s opportunity cost of dusting a room in terms of cleaning the room? 5.)Who has the absolute advantage in cleaning the bathroom? In Dusting a room? 6.)Who has the comparative advantage in cleaning the bathroom? In dusting a room? 7.)Who should do which chore and why? Your answer should be based only on the information you have been given and considering comparative advantage.

Answers

The answers to the information given about the opportunity cost include:

1. 0.5 minutes of dusting a room.

2. 2 minutes of cleaning the bathroom.

3. 1 minute of dusting a room.

4. 1 minute of cleaning the bathroom.

5. Clarke has the absolute advantage in cleaning the bathroom, while Sherrod has the absolute advantage in Dusting a room.

6. Sherrod has the comparative advantage in cleaning the bathroom, while Clarke has the comparative advantage in dusting a room.

7. Sherrod should clean the room because he has the comparative advantage in cleaning the bathroom, while Clarke should dust the room because he has the comparative advantage in dusting a room.

How to illustrate the information?

The chart is merged together and it is first sorted before the questions are answered as follows:

Details                                 Sherrod                 Clarke

Clean the Bathroom          60 minutes           45 minutes

Dust a room                       30 minutes           45 minutes

a. What is Sherrod’s opportunity cost of cleaning the bathroom in terms of dusting a room?

Sherrod's opportunity cost of bathroom cleaning = Minutes required for dusting a room / Minutes required for bathroom cleaning = 30 minutes / 60 minutes = 0.5

b. What is Sherrod’s opportunity cost of dusting a room in terms of cleaning the room?

Sherrod's opportunity cost of dusting a room = Minutes required for bathroom cleaning / Minutes required for dusting a room = 60 minutes / 30 minutes = 2

c. What is Clarke’s opportunity cost of cleaning the bathroom in terms of dusting a room?

Clarke's opportunity cost of bathroom cleaning = Minutes required for dusting a room / Minutes required for bathroom cleaning = 45 minutes / 45 minutes = 1

d. What is Clarke’s opportunity cost of dusting a room in terms of cleaning the room?

Clarke's opportunity cost of dusting a room = Minutes required for bathroom cleaning / Minutes required for dusting a room = 45 minutes / 45 minutes = 1

e. Who has the absolute advantage in cleaning the bathroom? In Dusting a room?

Clarke has the absolute advantage in cleaning the bathroom because he uses 45 minutes which is lesser than the 60 minutes that Sherrod uses in cleaning the room.

Sherrod has the absolute advantage in dusting a room because he uses 30 minutes which is lesser than the 45 minutes that Clarke uses in dusting the room.

6. Who has the comparative advantage in cleaning the bathroom? In dusting a room?

Sherrod has the comparative advantage in cleaning the bathroom because his opportunity cost of 0.5 in terms of dusting a room is less than Clarke's opportunity cost of 1 minute in terms of dusting a room.

Clarke has the comparative advantage in dusting a room because his opportunity cost of 1 in terms of cleaning the bathroom is less than Sherrod's opportunity cost of 2 minutes in terms of dusting a room.

7. Who should do which chore and why?

Sherrod should clean the room because he has the comparative advantage in cleaning the bathroom. Clarke should dust the room because he has the comparative advantage in dusting a room.

If they follow this recommendation, the total time they will spend in doing the chores for their shared apartment will be lesser.

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Find the quadratic equation whose roots are
-3\2
and 5​

Answers

Answer:

[tex]x^{2}[/tex]-3.5x-7.5

Explanation:

Hope this helps! If you need an explanation, let me know.

Each of the following is characteristic of special districts, EXCEPT:
A. create policy for the area they control
B. collect taxes by adding on to land or property taxes
C. use influence and resources to advise governmental agencies
D. they are always national organizations created and run by the federal
government

Answers

Answer:

B. collect taxes by adding on to land or property taxes

Answer:

B.I hope this helps have a good day. :)

Explanation:

Complete the statement about the types of violence to which children are exposed. Children are exposed to violence through aggressive acts in the home called ------------ violence, perpetrated by family members against other family members. These acts can include physical and sexual abuse, intimidation, verbal abuse, and neglect. ------------- violence includes conventional crimes such as robbery, murder, threats, hate crimes, and child maltreatment.

Answers

Answer:

domestic violence and community violence

Explanation:

this is for PLATO users

When did the Renaissance spread to northern Europe?

Answers

Answer:

Explanation:

this slowed or prevented the spread of the renaissance ideas in the earlier years of the renaissance. however, when the hundred years' war ended in the mid-(15th )century it allowed the ideas of the Italian renaissance from the 14th century to extend north and west to other parts of Europe

Answer:

hen, during the 15th century, Renaissance ideas spread from Italy to France and then throughout western and northern Europe

Explanation:

if the total mass of a marble and a cup on a triple beam balance of 10g and cup alone weights 5g, what is the mass of the marble?

Answers

Explanation:

mass of the marble=10g-5g

=5g

what is lovely peaches real name? a) cora johnson b) brittany johnson c) sarah johnson

Answers

Answer:

the real name of lovely peaches is brittany johnson

Answer:

b.

Explanation:

Which of the following represents a common thread between work of Copernicus, Kepler, and Newton?

Answers

Answer:

All three were prescuted for their public research.

They all created what we know as modern physics.

Explanation:

it is a fearful thing to lead this great peaceful people into war into the most terrible and disastrous of all. based on the excerpt, what can be said about president's wilsons character?

Answers

Answer:

Based on the excerpt from President Wilsons's statement, it can be concluded that he is a man who would choose peaceful resolution of whatever conflict rather than going to war.

He was of the believe, that, War was never a good approach to resolve conflict. But rather, war brings sorrows and pain to people and the country at large.

Explanation:

Answer: D) He has pride in the nation's people.

Explanation: From the given options, the one that represents what can be said about President's Wilson's character (based on the given excerpt) is the corresponding to option D: he has pride in the nation's people, we can see that in the way that he refers to the people as "great" and "peaceful" and also that he says that it is a fearful thing to lead that kind of people into a terrible war.

describe the difference between aristocracy and new middle class​

Answers

Answer:Aristocracy is the highest class in some societies,it comprises people of noble births and people holding hereditary titles and offices while New middle class is the class in-between the highest and the lowest class,it is a social group with medium incomes .

Explanation:

Which of the following were effects of the mission system

Answers

Answer:

Spain planned to settle Alts California by sending Missionaries to built Missions.

Explanation:

Answer:

American Indians learned Spanish and converted to Christianity.

Spain colonized a vast territory.

European diseases spread, killing many American Indians.

Explanation:

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