Who uses the factors of production?

Answers

Answer 1

Answer: entrepreneurs

Explanation: They use all of the factors of production to form a business and make sure they can maintain it.

I hope this helped!

Answer 2

the factors of production are resources that are the building blocks of the economy they are what people use to produce goods and services


Related Questions

A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $ 7,400,000 $ 5,624,000 Cost of goods sold 4,750,000 3,513,500 Gross margin 2,650,000 2,110,500 Selling and administrative expenses: Selling expenses 1,392,000 1,079,000 Administrative expenses 704,500 608,500 Total expenses 2,096,500 1,687,500 Net operating income 553,500 423,000 Interest expense 101,000 87,000 Net income before taxes $ 452,500 $ 336,000 Members of the company’s board of directors are surprised to see that net income increased by only $116,500 when sales increased by $1,776,000. Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

Answers

Answer:

Explanation:

In a common - size income statement , the percentages are calculated using the sales value as the base figure

                          This Year                            Last year    

Sales                 7,400,000            100        5,624,000     100

Cost of Goods  4,750,000            64.2        3,513,500     62.5

Gross Margin    2,650,000           35.8         2,110,500     37.5

Selling Exp.       1,392,000            18.8          1,079,000     19.2

Admin. Exp.         704,500             9,5           608,500       10.8

Total Exp.           2,096,500          28.3          1,687,500     30.0

Net Op. Inc.          553,500            7.5              423,000     7.5

Interest Exp.          101,000             1.4                87,000      1.6

NIBT                       452,500           6.1                336,000    6.0

Other Questions
Is the following sentence a sentence beginning with a prepositional phrase? Against the wall, I sat curled up in a ball like an armadillo, as a stream of tears ran down my face. John received 3 detentions in the fourth quarter. He received 4 otherdetentions for 1st and 2nd quarters combined. He received 12 for thewhole school year so how many detentions did he receive in the 3rdquarter? When a tax is subtracted from a paycheck, it is a deduction the gross income a recession the net income Which statement describes a periodic trend of first ionization energy?O A. It tends to decrease from left to right across a period.B. It remains the same within a period.O C. It tends to increase from top to bottom of a group.D. It tends to decrease from top to bottom of a group. f(x)=x^3+10x^2-25x-250 When the two crews start working together, what part of allthe garbage bins will the first garbage truck empty?The crew of a garbage truck takes 5 hours to empty all thebins in one neighborhood on pickup day. The city assigneda second garbage truck to this neighborhood. During theirtraining, it took the crew from the second truck 8 hours toempty all the bins.0.60.50.7Time(hours)tPart of BinsEmptiedRate(part/hour)150.4First Truck500(91tSecondTruck188 Review at least three different mental health and wellness job descriptions on a career website (e.g., CareerBuilder; Jobing) and compare and contrast the differences in skill sets needed to perform the job effectively How did imperialism contribute to the start of World War I?A. Centralized governments whose powers were unchecked caused internal uprisings in many nations.B. Eagerness to take over land in post-revolutionary Russia led to territorial conflicts.C. European rivalries over colonial territory led to nationalistic tension between these states.D. Conflicts between church and government led to distinct divisions within key European countries. Which choice is an opinion disguised as a fact?A. Einsteins best theory was the theory of relativity.B. Albert Einstein wrote theories that changed science and philosophy.C. Many of Einsteins theories focused on the concepts of space, time, and gravity.D. Einstein also wrote a theory on gravitation that is different than Newtons theory on gravitation. Any help would be great what are the steps of enzyme activity? 1. Calculate the pH of a 0.35 mol/L solution of ammonia. what does " viceroy" and "legate mean in the Christian world and who do they work for? Assume you can buy 52 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars? What similarity property, if any, can be used to show that the following two triangles are similar A. Not enough information given B. AAC. SASD. SSSPlease answer this What is the missing number that will complete thefactorization?681224 Use the compound interest formulas A = Pert and A = P(1 + ) to solve. Suppose that you have $11,000 to invest. Which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually? Show your work Which of he following is a secondary alkanol? a. CH3CH2CH2OH b. CH3CH2CH2CH2OH c. C(CH3)3OH d. CH3CH(OH)CH3 For what reasons did Columbus wish to travel to the Indies? Suppose you have a linear integer optimization problem. You solve the problem as a linear optimization problem by ignoring the integer constraints and obtain an integer optimal solution (i.e., your model did not require the variables to be integer, but it turned out when you solved the problem Solver found an optimal answer where the variables are integer).Which of the statements below are correct (choose only one):A. You can categorically state that you have the optimal solution to the integer optimization problem.B. You can categorically state that you do not have the optimal solution to the integer optimization problem.C. None of the above.