Case of economic capital involve in production process

When Farmer MacDonald decides to plant a field complete of rutabagas, the economic capital involved within such crop production process would consist of the: (i) tractor he rides. (ii) land he farms. (iii) physical effort he puts into farming. (iv) money invested from his savings. (v) All of the above.

Please assist me to solve the problem of Resources in economics that is given above.

View Complete Question

Related Questions in Public Economics

Q : When is a thing termed as a good as

A thing is termed as a "good" (as opposite to a "bad") when: (w) its use improves human happiness. (x) its production needs capital and labor. (y) its value to society is restricted. (z) this is a service to people, as housecleaning.<

Q : Weak assumptions

Philosopher-mathematician Henri Poincaré asserted, “When a phenomenon admits of a total mechanical explanation this will admit of any infinity of others that will account equally well for all of the peculiarities disclosed through the experiment.” O

Q : Uses of positive economic analysis Hey

Hey friends I need your help for given problem: Positive economic analysis would be least helpful like a guide to how a society can decrease: (w) specific criminal behavior from punishment. (x) inequality within th

Q : Find cigarette taxes testing in

Positive economic analysis would take in testing a theory which raising cigarette taxes would: (1) harm smokers much more than it helped non-smokers. (2) enhance social welfare by reducing smoking from teenagers. (3) boost cigarette prices and decreas

Q : In fundamental economic each society

I need a good answer on the topic of existence in society economically. Please give me your suggestion that The fundamental economic questions that each society should address contain: (i) what, how, and for whom,

Q : Define a common approach to economics A

A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain

Discover Q & A

Leading Solution Library

Avail More Than 1457728 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1935083
Asked

3,689

Active Tutors

1457728

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment