Marginal Produt and Resources How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor.

Q: QUESTION 4 Which of the following is a capital resource? O A.A computer O B. Silicon (sand) used to…

A: A capital resource is any plant, property, or equipment that are used for production purposes. These…

Q: There is growth in total factor productivity when more output is produced from the same factors of…

A: Total factor productivity means the part of output which is not explained by the factors of…

Q: Physical capital includes the knowledge and skills workers have gained through education and…

A: Since you have asked multiple questions and according to our policy we can only answer the first…

Q: What is the marginal cost of capital?

A: Marginal cost denotes an addition to the total cost that incurred in the process of producing an…

Q: What is the difference between interest and profit? Who earns interest, in return for what…

A: The disparity between a company's income from its outputs and the opportunity costs of its inputs…

Q: 3. You are given the following information about the output of good X as successive workers are…

A: Marginal Physical product (MPP) is the change in total product because of employing 1 additional…

Q: explain the importance of production function and how can we enhance the productivity of a factor.

A: The production function is the mathematical function that shows the relationship between the input…

Q: Period Y K L Share of Labor in Output 1 100 200 100 0.5 1 106 205 102 0.5 3 111 210 104 0.5 4 110.5…

A: In period 1: Y = AKxL0.5100 = A*200x1000.5 Given A=1 100 = 200x*10200x = 10 x= 0.4346

Q: Which one of the following is a characteristic of the service sector? O Intangible products O Little…

A: The service sector produces services rather than producing products.

Q: ive importance of the small and cottage industry to overcome the severity of unemployment and…

A: Pakistan is a country in South Asia. It is the only country which was created in the name of Islam.…

Q: Figure 6.13 Capital (K) 20- 16- 14 12- Q-200 0-200 8. 12 16 20 28 Labor () Reference Ret 6-17…

A: Answer   The correct answer is 'option a'.   A technological change is represented by the movement…

Q: What is estimation of economic Opportunity cost of capital

A: There are different methods to to estimate the economic opportunity cost of capital. Such as:-…

Q: c) Suppose B = 0.5 and other factors are fixed, explain the percentage change in output due to a…

A: With given value of parameter, we have rewrite the production function. Y=AkaL0.5

Q: 5. You own a business that answers telephone calls for physicians after their offices closes. You…

A: The measure that depicts the use of one good in place of another good is known as substitution. When…

Q: on-the-job experience typically enhances a person's productivity in that partical job. if the…

A: Opportunity cost or economic rent is the cost of next best alternative given up, while making…

Q: what are the four factors of production and their earnings and  explain their main characteristics…

A: The factors of production are the resources both natural as well as man made used in the process of…

Q: discussing factors of production. How would you determine the demand for a factor of production?…

A: Factors of production:- a) Capital. b) Land. c) Labor. a) The demand for a production factors is…

Q: Some types of technological changes reduce the cost of capital. Use the concepts of substitutability…

A: Some developments in technology increases efficiency that reduces cost of capital expenditure.

Q: The term that describes the consisting of workers with a common set of skills who are joined…

A: In a marketplace, workers enter to get work according to their skills and qualification to earn…

Q: What is the significance of the mobility of factors of production (land,capital,labour,…

A: Factors of production: - The inputs that are used to produce goods and services known as the factors…

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: efer to the table which shows the technology of production at the​ Matsuko's Mushroom Farm for the…

A: Average product refers to number of units of output produced using a sing unit of variable input…

Q: The Norway spruce trees that are grown in Christmas tree farms are considered? A. Land B. Capital C.…

A: The measure that depicts resources or inputs that are being used in process of production for…

Q: 4. What is "M&M"'s daily multi-factor productivity? a. 2.16 b. 190.91 C. 1.88 d. 9.59

A: Given: Sandwiches sold per day  = 300 Price = 3.5 KD Cost of one employee for 9 hours= 4*9 = 36KD…

Q: Suds and Duds Laundry washed and pressed the following number of dress shirts per week: Week 1 2 3 4…

A: We are going to calculate labour productivity to answer this question.

Q: Prepare 5 important points from the article

A: Automation refers to use of machines in performing actions with minimized human action or…

Q: Who are gig workers? What labour practices can be adopted for gig workers working in gig economy?…

A: Gg workers are the workers involved in non standard income earning activities that are generally for…

Q: Table 18-7 Number of Marginal Product Value of Marginal Marginal Workers Output of Labor Product of…

A: Marginal product of labor refers to change in total product with change in labour input.

Q: 2021 3. Mention factors of production and their remunerations 4. Define the following Unskilled…

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: how changes in productivity influence the demand for labor.

A: In a market, labor is one of the important input resources that is used to generate or produce…

Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…

A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…

Q: what is the meaning of returns in "returns to a factor"

A: # We know well in long run, even the fixed factor of production also becomes variable. And thus…

Q: 66. Which of the following input factor takes risk, innovates and coordinates A. O Capital B. O…

A: Entrepreneurs takes risks in terms of finance, innovate new ideas, and coordinate with their own…

Q: Write the production function in its simplest form (human capital being included in TFP) and explain…

A: The production function depicts the relationship between input and output.

Q: Describe the need to be flexible in their approach to work, responding positively to changes or…

A: Workplace flexibility is a vital method that allows businesses to recruit and retain skilled…

Q: Define resources. Discuss the differences between human and capital resources, and give three…

A: Personnel is the people or individuals employed in the company in exchange for a fixed payment.

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

A:

Q: 27 19.8 10 38.5 10 31.2 15 47.3 15 42.3 20 56 20 52.1 25 65.7 25 60.6 30 74.5 30 69 35 82.4 35 77.4…

A: A) PRODUCTION FUNCTION OF WHEAT    PRODUCTION FUNCTION OF LETHER

Q: Define and explain in your own words “Physical Capital", “Real Interest Rate", "Potential…

A: There are four factors of production: land, labor, physical capital, and entrepreneurship. These are…

Q: What happens to marginal revenue productivity of a factor when there is an increase in unit of…

A: Marginal revenue productivity of factor refers to the addition of total revenue from the additional…

Q: Do you agree that capital is topmost factor under the category of resources? Why? Please explain and…

A: Answer - "Thank you for submitting the question.But, we are authorized to solve one question at a…