Factor payments are considered Select all that apply: costs for the owner o income for a...

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Factor payments are considered Select all that apply: costs for the owner o income for a firm income for the owner O revenue

business economics

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Answer 1

Answer #1

Factor payments are considered - cost for the owner.

Factor payments are basically the production cost for the business owners.
Factor Payments are wage, interest, rent, and profit payment made for the services of scarce resources, or the factors of production (labor, capital, land, and entrepreneurship), in return for productive services.

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Answer 2

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