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Factors that contribute to achieving a sustainable and natural level of output in a production process include efficient resource utilization, use of renewable materials, minimizing waste generation, implementing eco-friendly practices, and ensuring compliance with environmental regulations.

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What factors contribute to a company achieving the minimum average total cost in the long run?

In the long run, a company can achieve the minimum average total cost by optimizing production processes, reducing input costs, increasing efficiency, and achieving economies of scale.


Is carpenter one of the 4 factors of production?

No, a carpenter is not one of the four factors of production; rather, they represent human labor. The four factors of production are land, labor, capital, and entrepreneurship. Labor encompasses the skills and efforts of individuals, such as carpenters, who contribute to the production process.


What factors contribute to achieving the social optimum in economics?

Achieving the social optimum in economics involves factors such as efficient allocation of resources, minimizing market failures, promoting competition, ensuring property rights, and addressing externalities. By balancing these factors, an economy can maximize overall welfare and reach the social optimum.


What factors contribute to an increase in supply?

Factors that contribute to an increase in supply include lower production costs, technological advancements, favorable weather conditions, and an increase in the number of producers entering the market.


What factors of production does apple use?

land, enterprise and capital - This 3 is among the basic factors that contribute to production perse - but in case of Apple, they also have a innovative and efficient technology that they use in production factors.

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What factors contribute to a company achieving the minimum average total cost in the long run?

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Is carpenter one of the 4 factors of production?

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What factors contribute to achieving the social optimum in economics?

Achieving the social optimum in economics involves factors such as efficient allocation of resources, minimizing market failures, promoting competition, ensuring property rights, and addressing externalities. By balancing these factors, an economy can maximize overall welfare and reach the social optimum.


What factors contribute to an increase in supply?

Factors that contribute to an increase in supply include lower production costs, technological advancements, favorable weather conditions, and an increase in the number of producers entering the market.