Homework Answers
AS FACTORS OF PRODUCTION,EQUIPMENT,BUILDING,VEHICLES AND CASH ARE CONSIDERED
CAPITAL
(FACTORS OF PRODUCTION ARE RESOURCES WHICH ARE USED IN THE PRODUCTION PROCESS TO MAKE FINISHED GOODS AND SERVICES.THERE ARE FOUR FACTORS OF PRODUCTION NAMELY LAND,LABOR,CAPITAL AND ENTREPRENEURSHIP
LAND CONSISTS OF LAND,NATURAL RESOURCES,RAW MATERIALS AND THE LOCATION OF THE BUSINESS
LABOR CONSISTS OF LABOR FORCE WHICH HELPS TO TRANSFORM RAW MATERIALS TO FINISHED GOODS WITH HELP OF OTHER FACTORS OF PRODUCTION
CAPITAL CONSISTS OF LIKE LAND,BUILDING,EQUIPMENT AND CASH WHICH ARE USED FOR FURTHER PRODUCTION.ALL THE CAPITAL INPUTS IN THE FACTORS OF PRODUCTION ARE MAN MADE WHICH HELP IN FURTHER PRODUCTION OF GOODS AND SERVICES
ENTREPRENEURSHIP IS THE SKILL AND ABILITY OF THE ENTREPRENEUR WHICH ENABLES HIM TO COMBINE ALL THE FACTORS OF PRODUCTION AND CAPITALIZE AN IDEA)
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As factors of production, equipment, buildings, vehicles, and cash are considered e capital o outputs o...
The production function explains O A. all the machines, equipment, and buildings in the entire economy....
The production function explains O A. all the machines, equipment, and buildings in the entire economy. O B. how the total level of output or GDP in the economy is generated from the factors of production. ° C. the efforts, both physical and mental, of all the workers in the economy used to produce goods and services. O D. All of the above Which best explains the phenomenon of crowding in an open economy? O A. Decreased investment is replaced...
Capital, as a factor of production, refers to O A. the physical goods used to produce...
Capital, as a factor of production, refers to O A. the physical goods used to produce other goods and services. O B. the production technology used by firms. O C. stocks, and bonds but not money. OD. the production factors imported from abroad. O E. money, stocks, and bonds.
Test for O in both the market for goods and services and the market for factors...
Test for O in both the market for goods and services and the market for factors of production. in only the market for factors of production. GDP provides a good indication of the size of the economy because it gives i it measures all new goods and all used goods. is an estimate of individual income. O it is a monetary measure of total production weight to consumer goods it must give up food to get more military equipment. it...
e viowser. Import favorites The realtionship between two factors (inputs) used in production are: O production...
e viowser. Import favorites The realtionship between two factors (inputs) used in production are: O production phases O production factors factor to factor relationships QUESTION 2 A factor to factor relationship shows a variable relationship with one output 02 04 06 0 1 QUESTION 3 . What determines Profit Max?
What additional factors need to be considered when undertaking an international capital investment? What additional considerations...
What additional factors need to be considered when undertaking an international capital investment? What additional considerations are there for the cash flows and the rate of return? What incentives or barriers are given by the foreign government?
Question 1 10 points Save Exhibit 2.10 Production possibilities curve data co E Capital goods Consumption...
Question 1 10 points Save Exhibit 2.10 Production possibilities curve data co E Capital goods Consumption goods Suppose an economy is faced with the production possibilities table shown in Exhibit 2.10. If this economy chooses the combination of goods at point A only capital goods are being produced every resource in the economy is utilized in the production of capital goods no capital goods are being used as factors of production every resource in the economy is being used in...
12. Texelco' new modem can go into production for an initial investment in production equipment of...
12. Texelco' new modem can go into production for an initial investment in production equipment of $4 million. The equipment will be depreciated straightline over 2 years to a value of zero. It will be sold after 2 years for $500,000. Production costs will equal $200 per modem. The modems will be sold for $375 each. The firm is setting aside working capital of $200,000 at the outset, recaptured at the end of year 2. Sales forecasts are at the...
O output and the factors of production. QUESTION 19 Consider the following production function: Y-k4s whens...
O output and the factors of production. QUESTION 19 Consider the following production function: Y-k4s whens capital stock is 144, ourput s Ο 12. 24. ○ 144. O 6. QUESTION 20 What ere the factors of on
Assume two nations, two products, and two factors of production labor and capital . compare the...
Assume two nations, two products, and two factors of production labor and capital . compare the situation of FDI in the Short run and the long run regarding wages, returns to capital industry output and prices of goods
Assume that the two factors of production in Gambinia are labor and capital. Gambinia produces two...
Assume that the two factors of production in Gambinia are labor and capital. Gambinia produces two types of goods: food and clothing. Assume that clothing production is relatively capital intensive. If Gambinia has many workers but very little capital, then, following the HO model, we know that Gambinia has a comparative advantage in food. clothing. neither clothing nor food. both clothing and food Not enough information is given to answer the question.
The production function explains O A. all the machines, equipment, and buildings in the entire economy. O B. how the total level of output or GDP in the economy is generated from the factors of production. ° C. the efforts, both physical and mental, of all the workers in the economy used to produce goods and services. O D. All of the above Which best explains the phenomenon of crowding in an open economy? O A. Decreased investment is replaced...
Capital, as a factor of production, refers to O A. the physical goods used to produce other goods and services. O B. the production technology used by firms. O C. stocks, and bonds but not money. OD. the production factors imported from abroad. O E. money, stocks, and bonds.
Test for O in both the market for goods and services and the market for factors of production. in only the market for factors of production. GDP provides a good indication of the size of the economy because it gives i it measures all new goods and all used goods. is an estimate of individual income. O it is a monetary measure of total production weight to consumer goods it must give up food to get more military equipment. it...
e viowser. Import favorites The realtionship between two factors (inputs) used in production are: O production phases O production factors factor to factor relationships QUESTION 2 A factor to factor relationship shows a variable relationship with one output 02 04 06 0 1 QUESTION 3 . What determines Profit Max?
Question 1 10 points Save Exhibit 2.10 Production possibilities curve data co E Capital goods Consumption goods Suppose an economy is faced with the production possibilities table shown in Exhibit 2.10. If this economy chooses the combination of goods at point A only capital goods are being produced every resource in the economy is utilized in the production of capital goods no capital goods are being used as factors of production every resource in the economy is being used in...
12. Texelco' new modem can go into production for an initial investment in production equipment of $4 million. The equipment will be depreciated straightline over 2 years to a value of zero. It will be sold after 2 years for $500,000. Production costs will equal $200 per modem. The modems will be sold for $375 each. The firm is setting aside working capital of $200,000 at the outset, recaptured at the end of year 2. Sales forecasts are at the...
O output and the factors of production. QUESTION 19 Consider the following production function: Y-k4s whens capital stock is 144, ourput s Ο 12. 24. ○ 144. O 6. QUESTION 20 What ere the factors of on
Assume that the two factors of production in Gambinia are labor and capital. Gambinia produces two types of goods: food and clothing. Assume that clothing production is relatively capital intensive. If Gambinia has many workers but very little capital, then, following the HO model, we know that Gambinia has a comparative advantage in food. clothing. neither clothing nor food. both clothing and food Not enough information is given to answer the question.
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