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Which of the following is considered a factor of production? A) Money B) Labor C) Stocks and bonds D) Consumer goods Don't use chatgpt otherwise give 20 downvotes
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- There are several factors that have influenced the importance of purchasing andsupply”. Justify this statement by discussing information technology as a major factor.Provide an example of your choice to explain the factor.Sketch the following budget constraints: PX PY Income A RO 50 100 RO 5000 B 100 150 5000 C 50 200 2000 D 20 8 800I need 3 answers typing clear urjent i will give 5 upvotes
- i will 10 upvotes dont use chatgptAndy runs a small convenient store. He owns the place; he has hired a person for $8 per hour, 8 hours per day, 7 days a week. He works in the store himself for 3 hours per day. The utility cost $500 per month, the cost of buying and transporting the goods to his store is $3000 per month. The rent rate of the place is $2000 per month. A. What is his total monthly expenditure? B. What is his monthly opportunity cost?I need answer typing clear no chatgpt used i will give 5 upvotes