Firms and production

What are the 4 factors of production?

• Land, capital, labor, entrepreneurship

• Land, capital, city, entrepreneurship

• Land, capital, labor, company

• work, capital, labor, entrepreneurship

The table shows the relationship between output and the costs of production. The correct number to fill in cell (A) in the table is ….

• A=50
• A=130
• A=65
• A=40
• A=80

The table shows the relationship between output and the costs of production. The correct number to fill in cell (B) in the table is ….

• B=105
• B=51.67
• B=206.67
• B=35
• B=155

The table shows the relationship between output and the costs of production. The correct number to fill in cell (C) in the table is ….

• C=100
• C=50
• C=150
• C=200
• C=130

The table shows the relationship between output and the costs of production. The correct number to fill in cell (D) in the table is ….

• D=12,5
• D=16,67
• D=25
• D=50
• D=120

The table shows the relationship between output and the costs of production. The correct number to fill in cell (E) in the table is ….

• E=35
• E=25
• E=175
• E=225
• E=45

Which factor of production’s function is to make decisions and take risks?

• Land

• Labour

• Capital

• Enterprise

• Entrepreneurs

Which type of factor of production can be described as a natural resource?

• Land
• Labour
• Capital
• Enterprise
• Entrepreneur

Which type of factor of production is an animal?

• Land
• Labour
• Capital
• Enterprise
• Enterpreneurs

Which of the following is an example of the factor of production ‘capital’?

• A cow
• A farm tractor
• A farm worker
• The money a farmer has saved in the bank
• The money a farmer has borrowed to buy livestock