15. In the manufacture and sale of apple juice, what factor of production does Mary represent? * Mary decides to praduce and sell apple juice. She leases an apple orchard and renovates her kitchen to produce and bottle the apple juice. Mary hires three employees. Two employees will maintain the apple orchard and bottle the juice, and one will market the apple juice using the Internet. Land Labor Capital Entrepreneurship

Q: Robert Solow added.......................... to the conventional production function to account for…

A: American economist Robert solow concentrate more on growth theories.

Q: Cuba dictates and decides most of the economic decisions. Identify the type of economic system in…

A: A command economy is defined as an economy where the government or the central planners own and…

Q: Use the information set out in the tables below about the economy of Athabasca. Production function…

A: This question belongs to labor economics and will be answered using relationship between labor…

Q: 32. Specialization and division of labor may improve productivity because they lead to? a.…

A: The trade involves the specialization of the various goods and services. The international trade…

Q: Use the information set out in the tables below about the economy of Athabasca. Production function…

A: We will use labor market equilibrium concept to answer this question.

Q: Question 13 For what kind of society does a shift away from the production of capital goods and…

A: Consumer goods are those goods that are produced for the consumption of average consumers. For…

Q: 2(a) In what sense is capital productive?   (b) Is interest earned?

A: 2(a) In what sense is capital productive? The amount of output divided by the volume of inputs is…

Q: 8. In 1990 real GDP per capita in the US was $40000. In 2004 real GDP per capita was $80000. What…

A: Real GDP per capita: - it is inflation-adjusted per person output or real output per person of an…

Q: 4. The catch-up effect Consider the economies of Hermes and Gribinez, both of which produce gaggles…

A: Productivity in the following tables can be found out by dividing output by the number of workers.

Q: Explain in details the four factors of production and their earnings by explaining their main…

A: Four factors of production and their earnings 1)land Earning-rent Land is given for rent for the…

Q: Wise leaders know that the key to balancing innovation and execution skills in a team or company is…

A: Concerning contrasts of group techniques that are utilized, a revelation-driven group will be…

Q: explain the Kuznets Curve and the relationship between technology and stratification

A: Kuznet Curve depicts relationship between the inequality and per capita income over the course of…

Q: 7. What are the four factors of production? Thanks

A: Factors of production: - factors of production are the resources used to produce goods and services.…

Q: 57. The three broad types of productive resources are A. O Money, profit and interest B. O Capital,…

A: To find : What are three types of productive resources.

Q: Question: a) :What is the importance of capital? b): How many types are in the division of labour?

A: Answer is given: The importance of capital is given as:

Q: List and describe four determinants of productivity

A: Productivity is a measure of the efficiency of a firm . It is the ratio of the total volume of…

Q: Is it possible to increase the labor productivity (output per unit of labor) in a given production…

A: Law of diminishing returns postulates that as more units of a variable input are used with a fixed…

Q: 50 40 PPF 30 20 10 10 20 30 40 50 60 cloth

A: For gaining 10 units of cloth 10 units of wine has to be sacrificed. Opportunity cost=sacrifice/gain…

Q: Describe each of the factors of production listed below: Land 4.1 42 Capital Labour 4.3 44…

A: "Since you have asked multiple questions ,we will solve fist question for you.If you want any…

Q: 0. Which of the following are important determinants of one's productivity?     a) The tools, with…

A: Productivity is basically the measurement of efficiency of labour input(L) or machines or any factor…

Q: 4. In an imaginary economy of Cotton Land, 190,000 tons of cotton were produced in a day. The number…

A: The production of cotton requires only workers. The workers are the only factor of production.  The…

Q: What are the possible sources of capital: Microeconomics business concept

A: Capital is defined as the financial asset, which helps in expanding the production level of the…

Q: he concept and give other applications of the learning curve. What does 90 percent learning curve…

A: A learning curve refers to the graph that shows the relation between the performance of the learner…

Q: 9. Economic systems The U.S. economic system is: O A market system O Based upon religious principles…

A: An economic system refers to how the government/society organizes and distributes the available…

Q: hich of the following statements is not a factor of production?

A: In every country, there are various economic activities that take place. These activities are…

Q: 2. Describe what entrepreneurs do. 3. Define the three factors of production and the differences…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain why entrepreneur skills are important in our society and To our economy

A: Great skill entrepreneurs have the power to alter the manner we tend to live and work, on native and…

Q: 2. The table below shows the quantity of labor (measured in hours) and the productivity of labor…

A: Productivity of Labor = Real GDPQuantity of laborReal GDP = Productivity of Labor x Quantity of…

Q: urial idea and opportunity? how are good ideas generated and what is the role of passion in…

A: A change that tends to entail risk generally beyond what is being encountered in starting a business…

Q: Explain the need for technological innovations as a driver for economic development.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 2) Which of these characteristics should economies follow and why? Include three of the…

A: 2) Which of these characteristics should economies follow and why? Include three of the…

Q: 1.Which of the following is NOT a technological development impact? a. nature and structure of…

A: Technology and development are inextricably linked. Lacking technical innovation, the person would…

Q: Table 1 shows the labor market schedule and Table 2 shows the production function schedule for the…

A: Real wages rate Labour demanded Labour supplied 15 60 20-20 = 0 20 50 30-20 = 10 25 40…

Q: Table 1 Berries (Ibs.) Fish Rob 25 60 Bill 40 80 Rob Crusoe and Bill Friday spent their week-long…

A: Opportunity cost refers to the loss occurred by giving up best alternative while making a decision.

Q: 38. The ways to increase labor productivity include a. increasing the capital-labor ratio; b.…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: 4. The catch-up effect Consider the economies of Sporon and Tralfamadore, both of which produce…

A: "The catch-up effect in development economics indicates convergence i.e. over time poorer nations…

Q: 3. Define the three factors of production and the differences between physical and human capital. 4.…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: 77. which one of the followings is NOT a factor of production? O a. capital O b. land c. labor O d.…

A: Factors of production are the resources being used by people for producing goods and services and…

Q: 9) In economics, the term physial capital A) refers to funds used by businesses to acquire goods and…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What is the difference between the rates of return for a renewable and nonrenewable resource? How do…

A: