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    This document contains information about a student's managerial economics assignment at La Verdad Christian College in Apalit, Philippines. It provides details of the course, assessment, and 5 essay questions relating to factors of production, including: why they are important; which is the most important and why; whether labor is always necessary; why land is often essential; and if there is a non-necessary factor. The student must answer the questions for marks towards their total of 25 marks.

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    This document contains information about a student's managerial economics assignment at La Verdad Christian College in Apalit, Philippines. It provides details of the course, assessment, and 5 essay questions relating to factors of production, including: why they are important; which is the most important and why; whether labor is always necessary; why land is often essential; and if there is a non-necessary factor. The student must answer the questions for marks towards their total of 25 marks.

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    3 views1 page

    Finals Assignment

    Uploaded by

    lheamaecayabyab4
    This document contains information about a student's managerial economics assignment at La Verdad Christian College in Apalit, Philippines. It provides details of the course, assessment, and 5 essay questions relating to factors of production, including: why they are important; which is the most important and why; whether labor is always necessary; why land is often essential; and if there is a non-necessary factor. The student must answer the questions for marks towards their total of 25 marks.

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    © All Rights Reserved
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    LA VERDAD CHRISTIAN COLLEGE - APALIT

    Semester: 1st Semester 2022-2023 Date Started: January 08,2023

    Course Name: MANAGERIAL ECONOMICS Section: BSA 1/BSAIS 1


    Assessment: Submission
    Assignment # 3 Date: January 15, 2021
    Student Name: Student ID:
    Awarded
    Total Marks: 25 Marks Marks:

    Essay Type of questions: Points with further explanation will be considered.


    1. Why are factors of production important?
    2. Which factors of production do you think is the most important? Justify our answer by
    giving example
    3. Is labor always a necessity in creating a product? Explain
    4. Why is land often the essential factor in the factors of production?
    5. Is there a factor that is NOT necessary in making a product?

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