--%>

Technology and human knowledge in production

The procedure in which the technology and human knowledge are employed to apply energy to convert materials to make the materials more precious is known as: (1) Social overhead. (2) Capitalism. (3) Production. (4) Construction. (5) Profit-seeking.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Total revenue and price variation in

    While total revenue decreases because of an increase within price the firm is operating into the_________ portion of consumers' demand curve. (1) relatively elastic. (2) relatively inelastic. (3) unitary elastic. (4) perfectly inelast

  • Q : Rate of return on financial assets The

    The rate of return on financial assets tends to be negatively associated to: (w) probability of default. (x) liquidity. (y) risk. (z) time to maturity. Please guys help to solve this problem of Economics

  • Q : Official unemployement Provide the

    Provide the solution of this question. To be officially unemployed a person must: A) be in the labor force. B) be 21 years of age or older. C) have just lost a job. D) be waiting to be called back from a layoff.

  • Q : Output level of maximized profit Profit

    Profit is maximized in illustrated graph when this lumber mill produces an output level of: (1) 600 generic 2×4s daily. (2) 700 generic 2×4s daily. (3) 1500 generic 2×4s daily. (4) 1700 generic 2×4s daily. (5) 1800 generic 2&ti

  • Q : Income of consumer-consequence on

    Income of consumer: In case of normal good - Increase in income leads to rise in quantity demanded of a normal good and reduce in income leads to reduction in quanti

  • Q : Determining Substitution products When

    When a price hike for Big Gulps of GlugaChug from $1 to $2 improves sales of dehydrated water from 50 to 100 kegs, then the dehydrated water and GlugaChug are: (1) Joint outputs in the production. (2) Complements. (3) Substitutes. (4) Mixed resource alternatives.

  • Q : Problem on Vertical Mergers Assume that

    Assume that Ben & Jerry’s Ice Cream purchases a big dairy farm and some sugar cane farms. Ben and Jerry’s Ice Cream is practicing: (i) Vertical integration. (ii) Horizontal integration. (iii) Monopolization. (iv) Industrial concentration. (v) Conglomer

  • Q : Sets of complementary goods Sets of

    Sets of complementary goods comprise: (w) pipes, chewing tobacco, and snuff. (x) gasoline, diesel, and gasohol. (y) swimsuits, diving boards, and swimming pools. (z) Jacuzzis, saunas, and steam baths. Hello guys I

  • Q : Determine short-run supply of an

    The Christmas tree industry’s short-run supply is demonstrated as: (1) curve A. (2) curve B. (3) curve E. (4) curve F. (5) curve G.

    Q : Relatively elastic of demand in

    While a price hike yields a decline within total revenue, in that case the demand faced through the producing firm: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) inferior. Can anybody