Directions: Respond to the question by writing in complete sentences and using academic

language.

15. Scenario: Bill lives in a heavily wooded area. He decides to start a Christmas tree farm and sell the

lozs for $20 each. He begins to cut the forest and uses his father's chain saw to cut the trees into

logs

List each factor of production Correctly identify each factor of production from the scenario

and explain how Bill is using each factor of production in the scenario.

Answers

Answer 1

Answer and Explanation:

Factors of production are resources or inputs put into the production of goods and services. There are four factors of production. They are: land, labour, capital and entrepreneurship

Land is considered a non depreciablle factor of production. It refers to all natural resources or gifts of nature and income from it is called rent.

Labour is human capital or input in production example workers in a factory

Capital is man made goods utilized to produce other goods

Entrepreneurship/entrepreneur is the factor of production that organizes the other factors of production and carries the economic risk

From the example, the factors of production include:

The forest with all the wood which falls under land factor of production.

Bill who falls under labour factor of production

His father's chainsaw which falls under capital factor of production

Bill's idea to use logs of wood for Christmas tree business constitutes entrepreneurship and Bill is also the entrepreneur here. This falls under the entrepreneurship factor of production


Related Questions

Outline of the Reasons Social Stratification Is Unavoidable
According to the Davis-Moore Thesis
1. All positions in society must be filled.
2. Some positions are less important than others.
3. More important positions must offer higher pay to attract qualified
people.
4. ??????
What is missing from the outline of the Davis-Moore thesis?
O A. Social ladders that allow people to move upward in society should
be eliminated.
O B. Society should work toward the elimination of ascribed positions.
ОО
C. The more important positions in society require better qualified
people.
O D. Society will be improved when all positions are considered equally
important

Answers

Answer:

C. The more important positions in society require better qualified people.

Explanation:

The Davis-Moore thesis is all about justifying social stratification and it was written by Kingsley Davis and Wilbert Moore as they believed that some tasks or jobs are more valuable than others and the people who perform the more valuable work will be better rewarded which will in turn make them work harder.

From the given outline, the missing outline of the thesis is option C that states that the more important positions in society require better qualified people.

A thesis, also known as a dissertation, is a document that presents the author's study and conclusions and is produced in support of qualification for an advanced diploma or teaching certification.

C. Participants with greater qualifications are needed in higher-ranking jobs in society.

The Davis-Moore thesis was created by Kingsley Davis and Wilbert Moore to justify social stratification. They felt that some activities or jobs are more important than others and that those who perform the much more important employment will be better compensated, pushing individuals to try longer.

Option C, which asserts that more significant jobs in society demand higher qualified individuals, is the thesis's missing outline from the offered framework.

To know more about the Thesis, refer to the link below:

https://brainly.com/question/9725596

Which is true of informal adjustment?

Answers

Informal adjustment is an alternative to filing a petition for a formal court processing. A juvenile's participation in an informal adjustment may not exceed six months, unless extended by an order of the court for an additional period not to exceed three months.

Answer:

A

Explanation:

Juveniles must admit guilt for it to apply.

Which important Dakota value is symbolized by the sharing of food?

Answers

Answer:

i honestly dont know but i tried

Explanation:

it has to do with religion? I'm not sure but that's what i found on an article called earthskyweb.com

In what year, Filippo Brunelleschi demonstrated the geometrical method of perspective by painting the outlines of various Florentine buildings onto a mirror?

Answers

Answer:

In the year 1425.

Explanation:

Filippo Brunelleschi was a Florentine architect who was considered to be the founder of modern Renaissance architecture. He was also the inspiration that helped many later architects including Michelangelo.

In the year 1425, he decided to paint the outlines of various Florentine buildings onto a mirror. This he did by starting to paint the Florentine Baptistery to be looked through a mirror reflection that is to be viewed from a small hole drilled at the back of the picture and the mirror kept at arm’s length.  

Robert de la salle was instrumental in encouraging__

Answers

Answer

The French colonization of Texas.

Explanation:

NEED ANSWER ASAP
MARKING BRAINLIEST TO WHOEVER GIVES ME THE CORRECT ANSWER

Answers

Answer:

the answer is C

Explanation:

These laws are unfair beacause some poor people may not have an id

What means to "fix or change"

Answers

Answer:

to fix or change

Explanation:

fix is to fix something and change is to change something. hope this helps

Answer:

fix means to fix

change means to change

How have the geographic features of the Arabian Peninsula affected where people have lived within the region overtime?!?!​

Answers

Answer:The geography of the Arabian Peninsula affected its religious and cultural diversity because its location made it a center of trade, which led to the exchange of ideas. it's location made it a center trade, which led to the exchange of ideas.

Explanation:

Do you guys have any idea how say my user lol??

Answers

yes? kinda? it kinda looks hard lol.


An example of a reserved power is (1 point

Answers

An example would be, that the state has reserved power over divers license instead of the federal government having that power. Reserved power is the power to the state itself, instead of the federal government.

HELP PLS OFFERING 12 POINTS

Answers

Answer:

Back then ship could carry more supplies, B

Explanation:

Explain ONE significant reason for continuities in the patterns of global economic interactions from circa 1750 to circa 2000, as illustrated by the two maps.

Answers

Answer:

Capitalism

Explanation:

Capitalism fueled global tradie relations

Why did the state think it was a good idea to give more powers to county governments?

Answers

Explanation:

it is justified because our country has various diversities in different states

Who leads the WTO (World Trade Organization)
Hellllp meeeee :)

Answers

Answer:

Roberto Azevêdo

Explanation:

Azevêdo is the current Director-General of the WTO

Roberto Azevêdo
The WTO's current Director-General is Roberto Azevêdo, who leads a staff of over 600 people in Geneva, Switzerland.

What state would you be in if you were located at N 32°9ʹ36ʺ, W 82°54ʹ?

Answers

Answer:

I believe you would be in Georgia.

Explanation:

I searched for it on Google Earth.

Answer: You would be in the great state of Georgia, the exact coordinates are just west of Savannah.

Hey , Can one of you guys give me a body paragraph of rainbow glitter fireworks with stars . This is my introduction paragraph . Please help me

The firework im building is going to be giantianic. The colors are going to be a glitter rainbow color. I'm going to attach stars to my fireworks . This is going to be so cool.

Answers

Answer:

Body painting is a form of body art where artwork is painted directly onto the human skin. Unlike tattoos and other forms of body art, body painting is temporary, lasting several hours or sometimes up to a few weeks . Body painting that is limited to the face is known as "face painting". Body painting is also referred to as  "temporary tattoo". Large scale or full-body painting is more commonly referred to as body painting, while smaller or more detailed work can sometimes be referred to as temporary tattoos.

Explanation:

The Israelites consider Canaan to be the Promised Land because they believed that
O
A. when the pharaoh released the Israelites, he promised they could settle in Canaan.
B. Canaan was the original home of Abraham and the other patriarchs.
o
C. God made a covenant with Abraham that Canaan would belong to his descendants.
O
D. Canaan is the place where God gave the Ten Commandments to Moses.

Answers

Answer:

c.

Explanation:

LIST 3 WAYS THAT COLONIAL LIFE DEVELOPED INTO THE “PUBLIC’

Answers

Answer:

Explanation:

1. The colonists developed an economy based on farming, commerce

2.Most colonial settlers after this period of consolidation arrived in the Thirteen was made by the colonists as opposed to the British Government, as the ways of life. However, when Patriotic forces won over the region and its people

3.  Although there would eventually be large plantations where the owners became wealthy growing cash crops, life for the average farmer was very hard work.

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21.Which idea is expressed in the Declaration of Independence?
A. The government should guarantee every citizen economic security.
B. The central government and state governments should have equal power.
C. If the government denies its people certain basic rights, that government
can be overthrown.
D. Rulers derive their right to govern from God and are therefore bound to
govern in the nation's best interest.

Answers

Answer:

C

Explanation:

Since Britain removed there rights they were overthrown.

Answer:

C

Explanation:

I honestly feel like its C because of the fact that its stated, Individuals have a civic duty to defend these rights for themselves and others.

4.
Why is international relation and cooperation important? Write in four points.​

Answers

Answer:

Mutual relation and cooperation are very important for every country because if any dispute and problems arise it can be solved easily by making different agreements. ... Therefore, help and cooperation among the different countries are very essential. Only mutual understanding and support helps to bring development.

Explanation:

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Identify the artist’s point of view concerning capitalism and the impacts of the Industrial Revolution.

Answers

Answer:

it shows who is in power in capitalism. and the impact the industrial revolution did was help they paints have room to speak

The legislative branch has a term limit of either 2 or... years

Answers

6 years for senators

How did the Columbian Exchange affect society?

Answers

Answer:

The Columbian Exchange greatly affected almost every society on earth, bringing destructive diseases that depopulated many cultures, and also circulating a wide variety of new crops and livestock that, in the long term, increased rather than diminished the world human population.

hope this helps!! :)

Explanation:

What role did war play in connecting civilizations?​

Answers

Answer:

Alot but a top list is fighting for land, Fighting for Justice and fight for Freedom

G
Which statement best describes ancient Indian cave shrines?
They were used primarily as a place of learning.
They were hand-carved sacred religious sites.
They were natural caves where people worshiped.
They were used as a place to write religious poetry.

Answers

Answer:D

Explanation:hope its right let me know the answer

Answer:

B

Explanation:

Why are legends and myths used to explain the founding of Rome?

They give historians factual details about the founding of Rome.
They were created by historians who kept records about the founding of Rome.
They make up for the lack of archaeological evidence about the founding of Rome.
They substitute for the limited written records that describe the founding of Rome.

Answers

Answer:

Correct answer is They substitute for the limited written records that describe the founding of Rome.

Explanation:

First option is not correct as they are not giving us factual details, as we are not sure those things really happened.

Second option is also not correct as they were not created by historians at all.

Third option is also not correct. We have a lot material sources, but they are not giving us all the details that we need to reconstruct this events.

Last option is correct as we are using them to fill the holes that we have due to lack of written sources.

Answer: I agree with Cafa but if its not D then it must be C

Explanation:

Which resource was harvested from the okefenokee swamp in early twentieth century

Answers

Answer:

cypress timber

Explanation: Google

3. Why does Wilson believe that the judges will act with intrepidity (fearlessness) in exercising judicial
review. In other words, why wouldn't they feel pressured to act or rule in a certain way?

Answers

Answer:

In order to provide justice to the innocent people.

Explanation:

Wilson believe that the judges will act with intrepidity (fearlessness) because they have a duty to provide justice to the innocent people and give punishments to the criminals. If the judges fear the criminals then they are not able to make a fair decision so that's why Wilson wanted that judges must have fearlessness in order to make the right decision and provide justice to the innocents.

In order to bring justice to those who have been wronged.

Wilson believes that judges will act courageously even though they have a responsibility to serve justice to the victims and punish the offenders. Judges who are afraid of criminals are unable to make a fair judgement, which is why Wilson advocated for judges to be courageous in order to achieve the right decisions and deliver justice to the blameless.

Learn more:

https://brainly.com/question/14647732?referrer=searchResults

What mistakes did king tut's father make while he was pharaoh?

Answers

According to one theory, the pharaoh sustained the injury by falling from his chariot during a hunt. Meanwhile, DNA testing in 2010 suggested that Tutankhamen had malaria, which might have exacerbated a leg infection or caused him to fall in the first place

I NEED HELP ASAP I GIVE YOU 50 points if you answer please help

Answers

The answer is B. Supported by NATO
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