Economics 問題2條! 20分!

2011-05-08 5:29 am

2. Peter owns a plot of land for farming in the New Territories. He hires workers to work together with him on his farm.
(a). To what TYPES of factors of production do Peter and his workers belong respectively? Explain your answer.
(b). Compare the different features of the returns of Peter and his workers.

3. Car agents in general pay their salesmen a commission for each car sold in addition to their basic monthly salary. From the viewpoint of car agents, explain TWO advantages of using such a wage payment method.

回答 (1)

ching

2011-05-09 4:02 am

✔ 最佳答案

2A
Peter is a entrepreneurship and labour.He put both physical and metal effort into production.He bear risk of the production too.
His workers are labour.they put both physical and metal effort into prodcution.

2B.the income of his workers is more stable and will be positive.
As peter needs to bear risks for his business,his return will be affected due to unstable return from business.his return may even be negative.

3 productivity can be increased due to great incentives of workers.they can shift part of the business risk to workers too.

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