1. Factors of production are also divided into divisible and indivisible factors. Ask your question. The following points highlight the ten factors affecting the the rate of aerobic respiration. Which of the following is true concerning the planning-performance relationship? Start studying The Three Questions of Economics. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.There are three basic resources or factors of production: land, labour and capital. The factors that affect the reject rates at the company's footwear production facilities include the size of the incentive payment per non-defective pair produced, best practices training expenditures per worker, spending for TQM/Six Sigma quality control efforts, and the number of models/styles comprising the company's product line. (a) money (b) land (c) human capital (d) entrepreneurship. Answer to Q4. It is just the beginning. b. following year, leaving as his testament this elquisite aesthetic exercise: a gallery filled with isolated, perfectly lit, sculptural "masterpieces." Learn vocabulary, terms, and more with flashcards, games, and other study tools. A garbage truck driver is an example of which Factor of Production? a. b. Problem 1MC from Chapter 1: Which of the following are the factors of production?a. Learn vocabulary, terms, and more with flashcards, games, and other study tools. They are the inputs for the process of production. All of these factors also earn income in one form or another. Option (1) Capital and landExplanation: Land, capital, labor and entrepreneurship are the four main categories of factors of production. Factors … * 1/1 A. Which of the following are the factors of w² + 4w + 4 - 3417207 b. a. Join now. Factors of production are also known as resources. Anything that helps in production is the factor of production. Loans, Credit Cards C. Taxes, Transfers D. Goods, Services All else equal, in an economy made up of firms and households, these factors of productions are sold by households to firms and thus firms are buyers of factors of production, which they use as input in the production of products. A) The outputs generated by the production process transforming land, labor, and capital in to goods and services. Learn vocabulary, terms, and more with flashcards, games, and other study tools. For D, … Which. Log in. Log in. All of the following are factors of production EXCEPT: A. capital B. labor C. currency D. land Restricted to the land resources such as natural resources that are unimproved by human economic activity. Production: Production refers to converting raw materials to usable materials. Factors of production are the inputs needed for the creation of a good or service. of the following are factors of -15 whose sum is -2 - 5973419 2. B.The factors plus technology determine the physical limits to production, is TRUE . In order to produce any good or services, it is necessary to have factors of production. C) Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories). 1. Factors of production are inputs used to produce an output, or goods and services. Join now. Join now. Which of the following are factors of production a Capital and land b Scarcity from US ECONOMI economics at Wiregrass Ranch High School The following factors determine market demand for a commodity. Factors are divisible when their inputs can be adjusted to the output. Which of the following are factors of production? quality control. The 4 factors of production are land, labor, capital, and entrepreneurship. Start studying ISDS exam 1. The factors of production include land, labor, entrepreneurship, and capital. B.In studies where formal planning didn't lead to higher performance, poor leadership was the culprit. Which of the following is not a factor of production? MyBizLab with Pearson eText -- Access Card -- for Better Business (4th Edition) Edit edition. With respect to factors of production, which of the following statements is not true? Uncontrollable risks are risks that the business can't control, such as external economic factors, natural disasters, and so on. These are the various factors by mean any resource is transformed into a more useful commodity or service. The outputs generated by the production process transforming land, labor, and capital into goods and services. They are the starting point of the production process. Tastes and Preferences of the Consumers: For C, all countries have an unlimited quantity of factors. Log in Join now Secondary School. Click here 👆 to get an answer to your question ️ .Which one of the following is a factor of production? When businesses use resources to produce things we call these factors of production.In this section we will examine the factors of production and see how they contribute to the outputs of a business. Political science. Start studying Scarcity and the Factors of Production. Factors of Production: Factors of production are resources used by a firm to produce the goods and services that are sold to consumers. Which of the following are factors of production? Labor, Capital B. arslanaleem987654 arslanaleem987654 9 hours ago Economy Secondary School +5 pts. Play this game to review Economics. These other factors determine the position or level of demand curve of a commodity. Ask your question. They are resources a company requires to attempt to generate a profit by producing goods and services. The outputs generated by the production process transforming land, labor, and capital into goods and services. 1. Join now. Their ownership and value are the bedrock of any economic system. Ask your question. PRODUCTION The production area of a company is the part of the company that manufactures the product or provides the service that the company is selling. Which of the following are the factors of the mathematical expression - 3232705 Start studying Ch. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which of the following are factors of production? C.Formal planning is … 1. What you’ll learn to do: list and explain the four factors of production required to sustain a business. Factors of Production. A.The external environment seldom impacts the effectiveness of planning. What are known as the factors of production Get the answers you need, now! Which of the following are the - 6653157 1. Log in Join now 1. Start studying The World of Agriculture. a. 1 Economics. Log in. Which of the following are factors of production? Log in. Labour is said to be divisible when the number of labourers may be reduced in keeping with the output of the firm. naimdimaucom naimdimaucom 7 hours ago Science Junior High School Which of the following are the factors that affect gr avitational potential energy 1 In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. Resources restricted to the land, such as natural resources that are unimproved by human economic activity. Learn vocabulary, terms, and more with flashcards, games, and other study tools. c. 1. It may be noted that when there is a change in these non-price factors, the whole curve shifts rightward or leftward as the case may be. c. Factors of production … Answered First, for A, all the factors of production which are land, labor, capital, and entrepreneurs are not scarce; they are unlimited. 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