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What would be the factors of production in the case of a school?
Wiki User
∙ 10y ago
Factor of production will be :land,labour, capital,teachers and students
Wiki User
∙ 10y ago
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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.
What are the features of a normal production possibility curve?
Production Possibility curves can assume different slopes. As far as i know it can be either concave, convex or a straight line. The concave curve would be concave and downward sloping.This is explained by the law of diminishing returns and that factors used are not homogeneous.In this case the Marginal Rate of technical substitution would be rising. The curve would be convex in case of rising productivity and decreasing opportunity cost. Finally it would be a straight line when factors are homogeneous. Hope it was helpfull. Akheel.
What is the different between short run long run?
short run is a period which is not enough to change or alter the quantities of all of the factors of production. therefore, some factors of production are fixed in this period because you do not have enough time to change the quantities of them. so, in this period i.e., short run, some factors are fixed and others are variables. however, in long run, you have all the factors of production as variables as you have enough time to change them or replace them. for ex:- if you have two factors of production, labor and machinery. it might be difficult for you to replace machinery in short run. however, difficulty might not arise in the case of labor. so in short run you would say that labor is variable and machinery is fixed. but in long run, both of your factors are variable because you have enough time to alter their quantities. usually, in economics, we call a period of 1 year or less as short run. and a period of more than 1 year as long run. but this might not be suitable i every case. this time may vary from situation to situation.
How can globalisation be stopped?
It can't, unless your talking about from a single countries perspective. If that's the case, you can stop it by closing the boders completely to trade. Don't let goods out or into the country. In addition, you would have to prevent outside firms from providing services within a country such as a call center. Why would you want to stop globalization? Globalization is a good thing as individual countries can perform the production processes they do best and export that production to countries in exchange for something they can do better.
If the trend of production of fuel falls behind the levels of consumption what could result?
Fuel will be scarce in this case. The price of fuel will increase. It's also possible that people will start looking for alternative options (alternative fuels in this case).
What would be the factors of production in case of school?
Factor of production will be :land,labour, capital,teachers and students
What would be the factors of production in case of a school?
Factor of production will be :land,labour, capital,teachers and students
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.
State and explain the four factors of production giving one example in each case?
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo
What are the features of a normal production possibility curve?
Production Possibility curves can assume different slopes. As far as i know it can be either concave, convex or a straight line. The concave curve would be concave and downward sloping.This is explained by the law of diminishing returns and that factors used are not homogeneous.In this case the Marginal Rate of technical substitution would be rising. The curve would be convex in case of rising productivity and decreasing opportunity cost. Finally it would be a straight line when factors are homogeneous. Hope it was helpfull. Akheel.
What was the Production Budget for Case 39?
The Production Budget for Case 39 was $27,000,000.
What is the technical core of an organization?
The technical core actually produces what the business or company is about, it is responsible for transforming the inputs into outputs . It is the production part of the organization where the manufacturing takes place. In the case of a school or university the teachers of the school would make up the technical core.
What is the value of a Case Bowie Knife?
The exact value of a Case Bowie Knife is actually dependent upon a number of factors. Some of these factors would be the age and condition of the knife.
What was the Production Budget for The Case of the Grinning Cat?
The Production Budget for The Case of the Grinning Cat was $200,000.
What is the different between short run long run?
short run is a period which is not enough to change or alter the quantities of all of the factors of production. therefore, some factors of production are fixed in this period because you do not have enough time to change the quantities of them. so, in this period i.e., short run, some factors are fixed and others are variables. however, in long run, you have all the factors of production as variables as you have enough time to change them or replace them. for ex:- if you have two factors of production, labor and machinery. it might be difficult for you to replace machinery in short run. however, difficulty might not arise in the case of labor. so in short run you would say that labor is variable and machinery is fixed. but in long run, both of your factors are variable because you have enough time to alter their quantities. usually, in economics, we call a period of 1 year or less as short run. and a period of more than 1 year as long run. but this might not be suitable i every case. this time may vary from situation to situation.
What are the factors that reduce in case of friction?
the factors that reduce in case of friction are the velocity and acceleration.
What is the smallest nunber that has 3 and 2 as its factors?
That would be 6. In this case, since 2 and 3 have no common factors, it is simply the product of 2 and 3.
