None of the options provided are without a cost of production.

1. Capital: This is the money or wealth needed to produce goods and services. All businesses must consider the cost of capital when they make decisions.

2. Equipment: This is the physical resources a company needs to conduct its business. This includes machinery, tools, and vehicles. All of these have a cost, whether it's the initial purchase price, maintenance costs, or depreciation.

3. Land: This is the physical space where a business operates. It also includes natural resources like minerals, water, and timber. Land has a cost, whether it's the purchase price, rent, or taxes.

4. Labor: This is the human effort used in production. Labor costs include wages, benefits, and payroll taxes.

So, all of these resources have a cost of production.

Question

None of the options provided are without a cost of production.

1. Capital: This is the money or wealth needed to produce goods and services. All businesses must consider the cost of capital when they make decisions.

2. Equipment: This is the physical resources a company needs to conduct its business. This includes machinery, tools, and vehicles. All of these have a cost, whether it's the initial purchase price, maintenance costs, or depreciation.

3. Land: This is the physical space where a business operates. It also includes natural resources like minerals, water, and timber. Land has a cost, whether it's the purchase price, rent, or taxes.

4. Labor: This is the human effort used in production. Labor costs include wages, benefits, and payroll taxes.

So, all of these resources have a cost of production.

Knowee AI · Accepted Answer

None of the options provided are without a cost of production.

1. Capital: This is the money or wealth needed to produce goods and services. All businesses must consider the cost of capital when they make decisions.

2. Equipment: This is the physical resources a company needs to conduct its business. This includes machinery, tools, and vehicles. All of these have a cost, whether it's the initial purchase price, maintenance costs, or depreciation.

3. Land: This is the physical space where a business operates. It also includes natural resources like minerals, water, and timber. Land has a cost, whether it's the purchase price, rent, or taxes.

4. Labor: This is the human effort used in production. Labor costs include wages, benefits, and payroll taxes.

So, all of these resources have a cost of production.

Multiple Choice QuestionWhich resource does not have a cost of production?Multiple choice question.CapitalEquipmentLandLabor

Question

Multiple Choice Question

Solution

Similar Questions

Upgrade your grade with Knowee