Which best describes the role the availability of resources plays when a company is considering whether to produce a certain good? Resources can always be obtained, no matter what the cost. If a resource is difficult to obtain, production costs will be high. Resources play no part in a company’s decision to produce a good. If a resource is easy to obtain, production costs will be high.
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Before producing a good or service, a business must check the availability of various resources.
The role of resources can be best described as :-
Resources can always be obtained, no matter what the cost.
If resources are difficult to obtain, production costs will be high.
Land, labour, capital and entrepreneurship are the necessary resources .
The role of resources can be best described as :-
Resources can always be obtained, no matter what the cost.
If resources are difficult to obtain, production costs will be high.
Land, labour, capital and entrepreneurship are the necessary resources .
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