Exclusive Content:

Facebook Marketplace in Melbourne: A Comprehensive Guide

Facebook Marketplace is an online platform that allows users...

10 Tips for Selling Successfully on Facebook Marketplace

Facebook is one of the largest social media platforms...

A Proper Guide to Google Ads

So, what you just heard about Pay per click....

Which of the following will be accomplished by efficient allocations of the factors of production?

a. Ensuring economic profitability.

b. Fulfilling many needs and wants of society.

c. Understanding whether a product will fail.

d. Replenishment of limited resources.

Answer: Options a and b are accomplished by efficient allocations of the factors of production.

Explanation:

a. Ensuring economic profitability: Allocating resources efficiently can lead to increased productivity, lower costs, and increased profits.

b. Fulfilling many needs and wants of society: Efficient allocation of factors of production can help produce goods and services at lower costs, making them more accessible to consumers, thus fulfilling the needs and wants of society.

Options a and b are accomplished by efficient allocations of the factors of production. Option c is not directly related to efficient allocation of factors of production, and option d refers to the replenishment of limited resources, which is not accomplished by efficient allocation but rather by sustainable resource management practices.

Latest

Some reasons for choosing PVC strip curtains for your retail business

PVC strip curtains can often be found in warehouses,...

Understanding and Utilising Rental Estimates for Investment Success

Have you ever wondered how savvy real estate investors...

Mastering Audio Editing in Soundtrap: Essential Tips

Anyone who is interested in music creation, podcasting, or...

Book32 for Academics: Revolutionising Research and Education

In the realm of academia, the way research is...

Newsletter

Don't miss

Some reasons for choosing PVC strip curtains for your retail business

PVC strip curtains can often be found in warehouses,...

Understanding and Utilising Rental Estimates for Investment Success

Have you ever wondered how savvy real estate investors...

Mastering Audio Editing in Soundtrap: Essential Tips

Anyone who is interested in music creation, podcasting, or...

Book32 for Academics: Revolutionising Research and Education

In the realm of academia, the way research is...

Understanding the Delicate Equilibrium: Individual Rights and Community Safety in Police Interactions

Navigating the intricate balance between individual rights and community...

Some reasons for choosing PVC strip curtains for your retail business

PVC strip curtains can often be found in warehouses, loading docks, and supermarket cold storage areas. They are overlapping strips of plastic designed to...

Understanding and Utilising Rental Estimates for Investment Success

Have you ever wondered how savvy real estate investors make the best decisions? Rental estimates are an essential cog in the machine of successful...

Mastering Audio Editing in Soundtrap: Essential Tips

Anyone who is interested in music creation, podcasting, or any other audio-related enterprise should be familiar with audio editing. Soundtrap, Spotify's online digital audio...