I what are the factors of production

Q: 25. What are the four factors of production? a. b. C. d.

A: The four factors of production are: Land – It includes natural resources available for the…

Q: Labor Output Number of workers) (Shovels) 80 2 150 3 210 4 250 270 e blue points (circle symbal) to…

A: Marginal Product Line (MPL) Labor  Output MPL 0 0 ------ 1 80 80 2 150 70 3 210 60 4…

Q: what are the 5 internal economics of scale ?

A:

Q: When lottery tickets cost $2, Shirley Jackson purchases 10 per week. When they cost $3, she…

A: Arc price elasticity is the elasticity of one variable with respect to another  between two   given…

Q: Consider the factors of production that go intoa fast-food restaurant. Give an example of…

A: Factors of production are regarded as the building blocks as they are essential for the production…

Q: 1. Medical care is the process of combining certain inputs to yield an output.TrueFalse

A: Healthcare is dissimilar from other services because the definition is not clear. Every customer in…

Q: what is the main difference between average physical and marginal physical product?  describe the…

A: Q) what is the main difference between average physical and marginal physical product? APP means the…

Q: Your uncle is thinking about opening a hardware store. He estimates that it would cost Rs.5,000,000…

A: Opportunity cost is the cost of next best alternative. A person should invest only if economic…

Q: Olivia owns and manages an accounting firm. In Olivia's business, an example of physical capital…

A:

Q: What is the signipicance of the nelationship of Input (X), TP ,ÀPP amd MPP to productian Mamagement?

A: The firms, and businesses tend to operate in the market where they supply various goods and services…

Q: . Using the data in the table, graph and explain the following: a. Total Output b. Average Product…

A: The total product would be the total units of output which would be produced with the total units of…

Q: James uses kiwi k) and labor (L) tomake Juice Ca). Production function 9=min(43,R %3D lavor musured…

A: We know that for minimum functions we always produce at the kink. Which means : L/3 = K^0.5 So q =…

Q: 1. Define production.

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: what are the three stages of production? explain with TP, MP, and AP graph

A: The three stages of short-run production are readily seen with the three product curves--total…

Q: nn leases a farmer's field and grows melons. She hires students to pick and ack the melons. The…

A: The average product of labour is found by dividing the total product of labour (TPL) by the amount…

Q: 32. What ty pe of a production function which results from ite marginal phyaical product (MPP) that…

A: Production function is the mathematical expression to show the connection between the output…

Q: Olivia owns and manages an accounting firm. In Olivia's business, an example of physical capital…

A: Physical capital is defined as a factor of production that goes into making goods and services. It…

Q: a. The firm's president wants to estimate the marginal product of a pound of grain in producing…

A: The change in the level of output that results from the employment of particular inputs one more…

Q: What are the stages of production?

A: The production function shows the technical relationship between factor of production and final…

Q: Although Goldman Sachs pald Heather $110,000.00 per year, she was not satisfied with her job. She…

A: Here we calculate the accounting and economic profit by using the given information , so the…

Q: 26. The period of time when a firm is able te changeali of innuts, or factors of production, is…

A: Broadly, there are two types of factors of production, fixed factors, and variable factors.

Q: (c) What is the importance of stages of production?

A: There are three stages of production are : Stage 1 : Increasing returns to scale  Stage one is the…

Q: A firm’s quantity of output is 10 units. The price of labor is $25 per unit and the price of capital…

A: "Firms/Businesses/Producers produce commodities and services to satisfy the demand of consumers.…

Q: Economics MPL Betsy's Bangles produces and sells woven bracelets. The table shows information about…

A: Answer to the three sub parts of the question is as follows:

Q: QUANTITY OF OUTPUT (Pizzas) +++ +++ +++ On the following graph, plot Alys Note: Plot your points in…

A: In the short run, the factor of production (i.e., inputs) is either fixed or variable.  Labor is a…

Q: The change i revenueleamed by the business as it employees an additional mit of an input holding…

A: Production is a process in which the inputs are used to produce the final output. There are…

Q: What are the 4 factors of production

A: The production function shows the technical relationship between factor of production and the output…

Q: Input (Labor) Output TEC TVC TC MC ATC AVC 50 $125 $15 85 $125 $30 OA-S35 -525.83 O A-5280 B-5182…

A: Formula to calculate ATC:-                                          ATC=TCQ Formula to calculate…

Q: tefer to the to graph on the right Which level of output in the raph below represents the minimum…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Kiddns ve for fertilizer would shift to the left (up)

A: Explanation: . A negative externality occurs once a cost spills over. A positive externality occurs…

Q: 1. Think about a business producing bottled spa water. Identify some examples of the four factors of…

A: The factors of production are land, labor, capital, and entrepreneurs. There are some factors that…

Q: What mean economic

A: Microeconomics and macroeconomics are two commonly known branches of economics. Individual economic…

Q: a. Compute the average cost and marginal cost. Units of output Total Cost Average Cost Marginal Cost…

A:

Q: pack the melons. The table sets out Ann's total product schedule. What is the marginal product of…

A: The marginal product of info, say work, is characterized as the additional result that outcomes from…

Q: Dal 19. Rapel Valley in C tion of the cost of 20 million bottles Each bottle enteri: which generates…

A: Consumers always demand a good that is available at a cheaper rate than other. When price of a…

Q: The table below shows the prices of the inputs and outputs for the production of a road bike. Ianuf…

A: a) The value added by supplier of raw materials is the sum of raw materials value ie…

Q: Cooperton and Denalla each produce two products; pots and pens. The table shows the productlon…

A: In Cooperton : Opportunity Cost of Pot =  2000/100 = 20 pens Opportunity Cost of pens = 100/2000 =…

Q: How did you get the productivity of the new unit. What formula is used?

A: Productivity represents the ability of a factor of production to produce goods and services which…

Q: In your own words, Explain what is BJMP. Write in 200 words.

A: BJMP is known as Bureau of Jail Management and Penology which is a Department of the Interior and…

Q: Insert the missing numbers in the following tables. number of units of total Marginal average labors…

A: We have to calculate marginal production, average production, total cost, average total cost, fixed…

Q: Define factors of production and describehow they contribute to output.

A: The process of transformation of inputs into the output is known as the production process.

Q: what is the different between average production and marginal production?

A: The average production is the total production divided by the variable input and it is production…

Q: QUESTION 5 Timothy own a Subway franchise. He used flour, oil, seasoning and oven to bake the bread…

A: Factors of production: - The inputs that are used to produce goods and services are known as the…

Q: w much do profits increase by when output is expanded from umber.

A: *Answer:

Q: Match the term below to it's formula definition: total product (TF (Click for List) TVC+ Q AP…

A: Production means goods and services are produced with the use of inputs and technology. It means the…