QUESTION 4 Which of the following is a capital resource? O A.A computer O B. Silicon (sand) used to make computer chips C.A piece of software used by a firm OD.A corporate bond issued by a computer manufacturer programmer
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A: There are different types of inputs , physical capital, human capital, labor and land.
Q: 25. What are the four factors of production? a. b. C. d.
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Q: A: How can explain the micro economics in this advanced age? B: Define the term production?
A: Answer for A part:
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A: Answer is given: The importance of capital is given as:
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Q: Discuss “Land” as a special input of production?
A: Land is one of the important factor of production.
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- What is a production technology?What is die difference between accounting and economic profit?A small company that shovels sidewalks and driveways has 100 homes signed up for its services this winter. It can use various combinations of capital and labor: intensive labor with hand shovels, less labor with snow blowers, and still less labor with a pickup truck that has a snowplow on front. To summarize, the method Choices are: Method 1: 50 units of labor, 10 units of capital Method 2: 20 units of labor, 40 units of capital Method 3: 10 units of labor, 70 units of capital If hiring labor for the winter costs $100/unit and a unit of capital costs 400, what is the best production method? What method should the company use if the cost of labor rises to $20/unit?
- How does rising organic composition of capital threaten the rate of profit?ll touch LTE 10:11 PM O O 35% Done A docs.google.com AA C the quantity of at least one factor of production is fixed. Which of the following are two components of the opportunity cost of using capital already owned by the firm? * economic profit and normal profit implicit rental rate and economic profit economic depreciation and forgone interest explicit rental rate and economic costs Page 5 of 5 Вack SubmitFor each of the following examples, explain whether it is a case of external or internal economies of scale: a. Almost all Hermès products are manufactured in France. b. Apple has its displays mainly made in Japan and some made in Korea. c. All units of Toyota Land Cruiser and Prius sold in the U.S. market are assem- bled in Japan. d. Gerber used to be an American-owned company, now a subsidiary of the Nestlé Group, headquartered in Fremont, Michigan. It is often argued that the existence of increasing returns is a source of conflict between countries, since each country is better off if it can increase its production in those industries characterized by economies of scale. Evaluate this view in terms of the external economy model.
- 4 Long Run Production Capital labor Units Qty $3,000 5 32 outputs % inputs % change - change returns to Scale - $5,000 10 40 100 25 increasing $7,500 12 90 20 125 decreasing $8,000 13 110 8.33 22.22 decreasing $9,000 15 125 15.38 13.636 increasing $11,000 16 130 6.66 4 increasing $11,700 18 320 132 12.5 1.54 increasing 300 280 260 240 220 200 edited 180 160 140 120 100 80 60 For my long run production I wanted to see the different out comes if I my and capital variable After doing so! was able to calculate my output & input % change using the formula (original-new) original Х labor cost per duvet cover 40 20 10 20 30 40 50 60 70 80 90 100 120 130 140 150 160 qty of duvet covers (per month 100You decide to buy a car. The following are some questions you have to answer with respect to your purchase. Which question is directly associated with engineering economics? O a. what colour? O b. what size? O c. CD player or tape player? d. to lease or to own? O e. Ford or Toyota?Which of the following are relevant costs when a firm attempts to decide on the best course of action_ A Sunk costs. All of the answers are relevant. B Historical costs. Opportunity costs or the cost of replacing one factor of production by another. C. D. ?
- Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct category. Implicit Costs Not a Cost Explicit Costs ! Q A N Ⓒ2 Advertising space taken out on a social networking website The money they pay their neighbor's six year old son to deliver cupcakes to their customers. W S 12 #3 16 80 F3 E D X C $ 4 888 F4 R his previous job designing The salary Alex earned in lighting fixtures. LL 25 % U The garage space used for baking that can no longer be rented out to a college student FS T Da A 6 V B Y Supplies like sugar, butter and baking trays G H Ⓒ Previous Check Answer Next Exit 87 & 44 N 17 U J * 8 ∞ 3 14 9 K → 19 O 1 AA F10 P3 Explain how economies of scale can be a barrier to entry. Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos t.t.Give an example of project that would be considered a sacred cow?How would you go about cancelling a sacred cow>