The factors of production  (please choose all the answers that are correct)     include the technology used to turn inputs into output     cannot always be purchased in markets     cannot be quantified     may include the organization of the factors of production by the firm     reduce the profits of firms since they are expenses     are used by firms to procude output     represent the value given up by HH in exchange for income

Q: How much is the marginal revenue of the product of labor if the price of the product (P) is $ 12 and…

A: Marginal revenue of product = Price* Marginal Product

Q: Explain the producer’s equilibrium with the help of least cost factor combination, necessary and…

A: The producer is in equilibrium when he gets maximum profit. The producer under the perfect market…

Q: Refer to Figure 2-2. Money spent by households Figure 2-2 C A В

A: Answer: Correct option: C (is earned from the sale of factors of production) Explanation: Households…

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A:

Q: Assume the following costs in each of the categories identified in question one are: Packaged (Cans…

A: There are product cost and period costs. Product costs which are incurred in the production of the…

Q: Technology spillover occurs when a firm's research yields technical knowledge that is used by…

A: Technology refers to the man-made resource that helps to utilize time and cost effective and improve…

Q: 3 Hidden Cost of Capital Does your company charge your division for the capital that it uses? If…

A: Capital's hidden cost These are unforeseen costs that occur when someone makes a transaction.…

Q: An increase in land rents a. will lead to an increase in the marginal revenue product of all…

A: d) Will bring some previously zero rent land into productive use.

Q: Average fixed costs of production will rise at a fixed rate as more is produced. appear as a…

A: In microeconomics, the average fixed expense is the fixed expenses associated with the production…

Q: According to "Freightened: The Real Price of Shipping," a solution to the problems with the shipping…

A: Frightened: The Real Price of Shipping is the hidden cost of the shipping industry.

Q: The manager of XYZ company is trying to increase the sale of a product by developing plans that will…

A: The marketing strategy outlines the target segment of the population, the advertisements, and the…

Q: Firms Profitabilty a) can be enhances by the development of better products. b) can be undercut by…

A: Profitability is a firms ability to generate profit from its activities.

Q: In Figure 17.3, the government may optimally regulate the paper market by taxing output. Given that…

A: When examining the financial effects of technical development in industries, the private marginal…

Q: 19. Which of the following statements is truc? a Point A is inefficient. b. Point B is inefficient…

A: A graph that represents all the different combinations of goods that can be produced within an…

Q: nsider an item that is ordered on a monthly basis. The daily demand for the item is 200 and the…

A: Answer a) Cost of Ordering the Inventory = Ordering Cost x Demand…

Q: Which of the following are reasons for producing additional units, which will increase ending…

A: This is the concept that refers to the stock of products that are complete and ready for sale. After…

Q: The efficient market quantity is the quantity where Obenefit; cost minimum cost; marginal cost…

A: The efficient quantity is where the marginal benefit curve intersects the marginal cost curve. The…

Q: The property market is considered to be imperfect because of which of the following? (i) buildings…

A: the property market is considered to be imperfect because of which of the following? The answer is -…

Q: Define the following: 1.The economy of dependability 2.The economy of proficiency 3.Range of human…

A: 1. The economy of dependability Although dependability assessment has a longstanding experience, it…

Q: Under what conditions would a rational firm tolerate losses on production and sale of an item?

A: Rational firms are those firm who maximise their profit with given level of resources .

Q: Economic profits are equal to                total revenues minus fixed costs.        total revenues…

A: Costs are the expenses that firms have to incur in their production activities. The various costs…

Q: What is the effect of a decrease in population (perhaps caused by the plague) on the market for…

A: The market is said to be in equilibrium when there is no pressure on the market price to change.…

Q: Loessing Compan produced and sold 12,000 units last year with sales price of $45 per unit and unit…

A: Since all direct expenses have been deducted from sales, contribution seems to be the amount of…

Q: If the equilibrium price per unit of output dencreases, what would you expect to happen to the…

A: Imperfect competition refers to a scenario in which the features of an economic market do not meet…

Q: If you ran a business and the demand for your product is such that a big percent change in price…

A: The question you provided is asking about the price elasticity of demand. The price elasticity of…

Q: The measure of the cost of a particular good in terms of what is given up to produce that good is…

A: The costs reflect the amount of dollars that a business firm must use to carry out its production…

Q: A search good is a product that: is difficult to locate, so it takes time to find it. can easily be…

A: A search good is a product or service which can easily be evaluated before 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: __________ refers to the expenditures incurred by a firm to obtain the factors of production that…

A: Factors of production are the main pillars for producing output in the economy. All the inputs of…

Q: If operating surplus is $3000 million, compensation of employees is $2000 million and mixed income…

A: The data presented in the question above is:- Operating surplus = $3000 million Compensation of…

Q: ind the marginal revenue functi R(x)=8x-0.05x^(2)

A: A revenue analysis enables firms to stay on track and make informed decisions about how to spend…

Q: A decrease in the price of a productive resource will result in each of the following except a(n):…

A: Introduction This idea was developed under the assumption that the customer's earnings, the price of…

Q: Suppose a firm has the following expenditures per day: $250 for wages and salaries, $50 for…

A: The formula for finding accounting profit is following Accounting cost= Total revenue - Explicit…

Q: The term for representing the cost of the shopping basket of goods and services of a typical South…

A: In an economy, households are the people who make demand for output and pay for thate output to…

Q: Help me with these practise economics questions please. I need help marking my own work

A: Market concentration refers to the concentration of the share of the production of goods or services…

Q: Economic cost can best be defined as

A: The economic cost is the mix of misfortunes of any merchandise that has a worth joined to them by…

Q: What would be the compensation of employee if NDPFC is $26,000, operating surplus is $4000 and mixed…

A: According to the above mentioned question, we have NDPFC = $26,000 Operating surplus = $4000 Mixed…