Which of the following factors of production is likely to be most productive?
A) a certified doctor working in a well-equipped hospital
B) a medical student working as a volunteer in a rural health clinic
C) a trained nurse without access to the latest medical technology
D) a knowledgeable chemist without a degree in medical sciences
E) a specialist doctor working in a hospital with poor infrastructure

Question

Quizplus · Accepted Answer

A certified doctor working in a well-equipped hospital is likely to be the most productive factor of production as they possess the necessary knowledge, skills, and experience to provide quality medical care in a well-resourced environment. The well-equipped hospital provides the necessary infrastructure and technology, making it easier for them to provide quality medical care to patients.

Which of the Following Factors of Production Is Likely to Be