A _______ is defined as the economic entity which employs the factors of the production to produce the commodities which is selled to the other people

Q: At any quantity, when the marginal benefit equals the marginal cost, that quantity is said to be

A: Marginal benefits represents the maximum willingness to pay of the consumers. And it is also…

Q: A

A: Businesses employ the microeconomics idea of profit maximisation to determine prices, output, and…

Q: Who owns and who controls the major factors of production?

A: An economy includes all production of goods and services, all selling and buying and all employment.…

Q: A(n) is a form of business ownership that is taxed as though it were a partnership, is popular among…

A: Worker cooperative - Cooperative that is controlled and own by cooperatives/ its workers. Each…

Q: Discuss the three types of business ownership in a market economy. Define and give at least 3…

A: An economy is defined as all activity in a given region that is connected to the production,…

Q: What is the main goal of a firm in a market economy? (a) To maximize social welfare (b) To minimize…

A: The main goal of a firm in a market economy is typically considered to be:(b) To minimize costs.In a…

Q: What are the characteristics of factors of production Only three characteristics

A: According to the given question The factors of production are also known as the productive resources…

Q: hat is economic firms market ?

A: Market refers to a place at which buyers and sellers of goods or services comes in contact with…

Q: When J employs D to sew 100 pieces of barong, what contract is created? A. Agency to sell B.…

A: A contract is an agreement between private parties that creates legally enforceable mutual…

Q: Economics is primarily concerned with: * The future costs of goods O Consumer prices The training of…

A: Since you have asked multiple questions, we will solve the first question from each picture for you.…

Q: Rent is the payment received by resource owners for the use of their natural resources. a.…

A: Rent, in its most expansive sense, implies a normal payment made by one party to another in exchange…

Q: A business normally produces and sells as much as demand allows. However, sometimes is constrained…

A: The inputs required to produce a thing or service are known as factors of production, and they…

Q: Discuss the firms objective it's constraints and how it makes choices in its role as a buyer of…

A:

Q: A resource does not have to have utility to be a resource.  True  False

A: Anything that is used to satisfy a need can be termed as a resource. Economic resources are the…

Q: Fill in the blank and explain the choice of correct answer. When the marginal…

A: The markets are the place where the buyers of various goods and services and the sellers, or the…

Q: How is a command economy different from a market economy?

A: The market economy is characterized by decentralized decision-making and competition. The command…

Q: If dairy famrers use automatic milking machines instead of milking by hand, which economic question…

A: There are three economic problems faced in an economy: 1) What to produce – Due to the scarcity of…

Q: Which of the following types of company would set a raw materials budget? a. All companies b.…

A: In accounting, inventory shows the assets held by the entity which are in the form of raw materials,…

Q: Which expression is another way of saying "marginal benefit"? Total benefit Profit Extra benefit…

A: Marginal Benefit is the additional benefit received when an extra unit of output is sold. For…

Q: Introduce supply chain and identiy relevant economic problems and contracting processes to your…

A: The network of all individual organizational actions and technological components involved in the…

Q: various production costs that firms face.

A: Production cost- It is the cost incurred in producing a product or providing a service.

Q: why do firms exist to produce and sell as much as possible?

A: Production refers to the total quantity of goods and services that are produced for consumption…

Q: Resources used to make goods and services are called A factors of B people production C scarcity D…

A: PLEASE NOTE THAT AS PER THE POLICY I HAVE SOLVED THE FIRST THREE SUB-PARTS. PLEASE POST OTHER…

Q: Afcasible production combination for a firm producing/twO: outputs must.be (aOutside tlie pröduction…

A: Economics is a social science that describes human behavior regarding their unlimited wants in terms…

Q: Goods and services that are produced by a household and are not exchanged in a market are known as…

A: The statement is false. Goods and services that are produced by a household and are not exchanged in…

Q: Evaluation for Production Possibilities Frontier

A: The economics as a study is based upon the idea that there is a limit to the resources which are…

Q: Explain the relationship between the determinant (the cost of factors of production and the state of…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to purchase…

Q: A subsidy is defined as O a payment that must be made to the government whenever a good or service…

A: Answer: D ( a payment to either the buyer or seller of a good or service, usually on a per-unit…

Q: the market for inputs to the production is also known as the ______ market a. production b.…

A: In economics the factor of production are used to produced goods and services.

Q: Which of the following questions can the criterion of Pareto efficiency answer? a. How much of a…

A: Pareto efficiency is a theory that implies that resources that are considered as allocated in the…

Q: Focusing only on transportation​ costs, if a firm pays both the costs of transporting inputs to its…

A: Transportation cost is a crucial factor in a production process. A firm has to incur transport cost…

Q: How can government assist resource-poor poultry farmers in acquiring broiler advancements technology…

A: Answer: The government can subsidize the producers engaged in producing the machines used for the…

Q: The power that distinguishes an owner from others when is comes to land is the power to others from…

A: Answer- Need to find- The power that distinguishes an owner from others when ic comes to land is the…

Q: In a mixed economy, what is the motive of producer? (a) Profit (b) Society's welfare (c) Both profit…

A: # An economy which constitute up of both private and public enterprises is referred to be as mixed…

Q: 4. Distinguish between economies of scale and diseconomies of scale. Give examples of why a firm may…

A: The average fixed cost (AFC) is the fixed cost that doesn't change with the adjustment of the…

Q: What are the economic significance of the stages of production

A: In economics, production is defined as a process of combining various inputs to make goods and…

Q: Economic questions short answer  Listthe main characteristics of the market system

A: We know that In economics, the main economic systems studies are the planned system, the market…

Q: What is the nature of an opportunity cost? a It is always variable. b It is a potential benefit. c…

A: Opportunity cost refers to the potential value or benefits that an individual, business, or society…

Q: Examine the principles and theories underlying the concepts of production and costs as well as the…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Use the information provided in the table below to answer the question that follows. Inputs Required…

A: Enterprise economics is the study and appraisal of business financial issues using abstract economic…