Ask Question
BusinessBusiness
17 March, 01:11

Lex Corporation is an expanding telecommunications company. However, they are in need of more computers for their new employees. Which factor of production do the computers represent? Capital Entrepreneur Labor / Human Resources Land / Natural Resources

+3
Answers (1)
  1. 17 March, 01:17
    0
    The Answer is Capital.

    Explanation:

    In Economics, we identify that there are 4 main factors that contribute to the production, we call them "factors of production" and they are,

    Land: Not just "land" but also includes all the natural resources that could be extracted and used for any production purposes. Labor: Mental and physical efforts carried out by humans in the production process. Capital: Assets or anything that can enhance/boost the ability to produce. Usually, these are generated or created as a result of human interventions and efforts. Entrepreneurship: the set of skills required to coordinate and manage the process of production successfully.

    So, under which category of factors that the computers fall under? Simple right? Its 3. Capital! because they are assets that are created by humans to aid in enhancing the production capabilities!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lex Corporation is an expanding telecommunications company. However, they are in need of more computers for their new employees. Which ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is a negative externality
Answers (1)
Ford conducted research that gave them insights into characteristics of Gen Z. Although Ford finds the information important, they aren't currently developing a specific feature in their vehicles to address the Gen Z characteristics.
Answers (1)
Mighty Corporation manufactures end tables. Each end table requires. 50 direct labor hours in its production. Mighty Corporation has a direct labor rate of? $15 per direct labor hour.
Answers (1)
Whats Better An I Phone x Or Iphone 8?
Answers (2)
Suppose the yield on short-term government securities (perceived to be risk-free) is about 4%. Suppose also that the expected return required by the market for a portfolio with a beta of 1 is 12%.
Answers (1)
New Questions in Business
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)
1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour.
Answers (1)
Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, consumers are willing to purchase the quantity indicated where the price floor intersects the With the price floor, the
Answers (1)
Choose the best revision of the previous sentence. Because many executives have access to company jets boards of directors have a responsibility to ensure that shareholders are not footing the bill for personal travel.
Answers (1)
Who puts the federal budget together?
Answers (1)
Home » Business » Lex Corporation is an expanding telecommunications company. However, they are in need of more computers for their new employees.
Sign Up Forgot Password?