What were the factors of production present in Britain that encouraged the Industrial Revolution?
Available capital, surplus population for a cheaply paid work force, coal and water power, a merchant fleet which brought in raw materials and took out finished products.
What factor of production did samuel colt focus on?
Entrepreneurship
What are the 3 factors of production? How does an entrepreneur combine these 3 when starting a business?
If you mean the cost price, quality and production volumes, this is too simple answer :) in fact, the factors that need to be combined in the manufacturing business are significantly more than three. This is a complicated business. I strongly recommend that you try to use this business simulation (Havy Steel) to study the production business
What are the 3 stages of production in economics?
Stage OneStage one is the period of most growth in a company's production. In this period, each additional variable input will produce more products. This signifies an increasing marginal return; the investment on the variable input outweighs the cost of producing an additional product at an increasing rate. As an example, if one employee produces five cans by himself, two employees may produce 15 cans between the two of them. All three curves are increasing and positive in this stage.Stage TwoStage two is the period where marginal returns start to decrease. Each additional variable input will still produce additional units but at a decreasing rate. This is because of the law of diminishing returns: Output steadily decreases on each additional unit of variable input, holding all other inputs fixed. For example, if a previous employee added nine more cans to production, the next employee may only add eight more cans to production. The total product curve is still rising in this stage, while the average and marginal curves both start to drop.Stage ThreeIn stage three, marginal returns start to become negative. Adding more variable inputs becomes counterproductive; an additional source of labor will lessen overall production. For example, hiring an additional employee to produce cans will actually result in fewer cans produced overall. This may be due to factors such as labor capacity and efficiency limitations. In this stage, the total product curve starts to trend down, the average product curve continues its descent and the marginal curve becomes negative.To receive advices while signing up, use this FAQSSource: Three Stages of Production in Economics
The fall in investment due to government borrowing is called need help economics?
1- The fall in investment due to government borrowing is called A. the competition effect. C. crowding out. B. the bully effect. D. the deficit effect. 2-Which of the following is a correct definition of private saving? A. Income that businesses have left after paying for the factors of production B. Tax revenue that the government has left after paying for its spending C. Income that households have left after paying their taxes and paying for their consumption D. Household investment in stocks and bonds 3-Which of the following contributes to the natural rate of unemployment A. Government fiscal policy C. Inflation B. Recessions D. Unions 4- If Carmen invests some money today at 10% annual interest, she’ll have $242 two years from now. What is the present value of this sum? A. $24.20 C. $200.00 B. $100.00 D. $220.00
Demand/Finance Question.?
Well looking at the given data you know that each baker will be paid $100 so if you have one baker it will cost 100 and if you have 6 bakers it will cost you 600. Now that you know this you also know that you can sell bread for $1 each. So if you compare costs vs income you can redo the list to look like this: 0-0 100-400 200-700 300-900 400-1025 500-1100 600-1150 Now if you subtract these numbers you will get your profit for each level of production: $0 $300 $500 $600 $625 $600 $550 Now you will see that she will profit $625 if she produces 1025 loafs and hires 4 bakers. If it were me, I would answer that she should hire 5 bakers and produce 1100 loafs of bread, by sacrificing the $25 in profits she will produce so much bread that she can drive down the costs and put her competitors out of business, so many people will eat her bread that she will become the most well known name in bread making. She will be like the Starbucks of breads! Then she can crank up the prices when she has a monopoly and make millions!!!!! HAAHAHAHAHA!!!! :) The correct answer is 4 bakers though....