1) A production technology is.. a) different combinations of inputs b) price and quantity of goods c) the market basket d) different combinations of output firm uses to produce a particular level of output. xed input

Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…

A: Having a resource that is scarce, including money and also time, is something that will be of…

Q: Do you have any references or sources for this information

A: In an error correction model (ECM) expectations about future economic conditions can influence the…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: List five typical attributes that an entrepreneur should have.

A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to…

Q: I need to know where to start in Excel

A: Here is the process of setting up the Excel spreadsheet and creating the necessary charts with a…

Q: You have been working as a manager of fashion store. During your work you have saved $50,000. You…

A: Explicit cost = utility + salary of clerk + material = 8000 + 20000 + 50000 = 78000 implicit cost =…

Q: agency relationship created?

A: An agency relationship are formed between two parties when one party agrees to represent the other…

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: Where do you get the number 11?

A: Given, Marginal propensity to save (mps)=0.2 Marginal propensity to import (mpm)=0.1 Marginal income…

Q: Judging types O Miss deadlines Take a long time to make decisions Are judgmental people Come through…

A: "Judging type" is a term often used in personality typing systems like the Myers-Briggs Type…

Q: Where are you getting the number 11?

A: The gap between income and spending in an economy is the budget surplus. A budget surplus occurs…

Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.