which are affected by the factors of production? choose three answers.\n□ the demand of the item\n□ the…

which are affected by the factors of production? choose three answers.\n□ the demand of the item\n□ the availability of the item\n□ the cost of the item\n□ the quality of the item\n□ the popularity of the item

which are affected by the factors of production? choose three answers.\n□ the demand of the item\n□ the availability of the item\n□ the cost of the item\n□ the quality of the item\n□ the popularity of the item

Answer

Brief Explanations:

Factors of production (land, labor, capital, entrepreneurship) influence the availability of goods as they determine how much can be produced. They also affect cost as different combinations and costs of these factors impact production expenses. Quality can be affected too, as better - quality inputs (part of factors of production) can lead to higher - quality output. Demand is mainly determined by consumer preferences and income, and popularity is more related to consumer perception and marketing rather than directly to factors of production.

Answer:

  • the availability of the item
  • the cost of the item
  • the quality of the item