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 : Argument for infant industries to

The argument for infant industries must be protected through competition through established foreign industries was first advanced through: (1) Richard List. (2) Gustav Schmoller. (3) David Ricardo. (4) Alexander Hamilton. (5) Thomas Robert Malthus. (6) early mercanti

Q : Problem on Economic Ideologies Can

Can someone help me in finding out the right answer from the following options. Government makes numerous economic decisions and acts as the ‘trustee’ in owning and allocating most of the non-labor resources beneath an economic system of: (i) Centrally pla

Q : Function to organizing productive

Can someone explain me with best solution regarding problem of organizing productive resource and innovating new products... Organizing another productive resource, innovating new products and production methods, and willingness to

Q : Estimate relative cost When SCUBA

When SCUBA vacations are $480 and DVDs are $16, in that case what is the relative cost of a SCUBA vacation within terms of a DVD?: (i) 30 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (e) 3,600 disks. I ne

Q : Governmental allocations of non-human

The fundamental foundations of a capitalist system do not comprise: (1) Supplies and demands. (2) Private property rights. (3) Governmental allocations of non-human resources. (4) Laissez faire policies. (5) Market-determined prices and outputs.

Q : Define economic assumption of

As per the economic assumption of rationality, there people: (w) always behave with ideal rationality. (x) never behave in erratic or random ways. (y) tend to make decisions consistent along with their goals. (z) foresee completely the effects of thei

Discover Q & A

Leading Solution Library

Avail More Than 1414393 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959738
Asked

3,689

Active Tutors

1414393

Questions
Answered

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

Submit Assignment