Homework Help Forum: A.P. Economics

Posted by Ami on Thursday, August 6, 2009 at 5:58pm.

8. Which factor of production is represented by each of the following? An office building: An assembly line worker: A tree used to make paper: Unused soil: An artist: A student:

• A.P. Economics - Ms. Sue, Thursday, August 6, 2009 at 6:00pm

  Read this site carefully, and I'm sure you can answer this question. If you post your answers, we'll be glad to check them. http://www.answers.com/topic/factors-of-production

  
  

• A.P. Economics - Ami, Thursday, August 6, 2009 at 6:20pm

  Thank you so much for the post Ms. Sue! Can you check the answer for me??? Thnak you! Here is what I guess: An office building: capital An assembly line worker: labor A tree used to make paper: capital Unused soil: land An artist: labor A student: labor

  
  

• A.P. Economics - Ms. Sue, Thursday, August 6, 2009 at 6:29pm

  They're all right. I'm not sure, however, that a student belongs in any group of production factors.

  
  

• A.P. Economics - Ami, Thursday, August 6, 2009 at 6:31pm

  Thank you so much!!!

  
  

• A.P. Economics - Ms. Sue, Thursday, August 6, 2009 at 6:42pm

  You're very welcome.

  
  

• A.P. Economics - economyst, Thursday, August 6, 2009 at 7:53pm

  I would put the tree into land. But this is certainly debatable. A paper company that specifically planted the tree with the intent to use the wood to make paper might very well call the tree a piece of capital.

  
  

Answer this Question

First Name:
School Subject:
Answer: