Natural resources as a factor of production for mining are a practical consideration when a mining company considers
A) the ease with which ore could be mined.
B) the number of miners available to mine the ore.
C) the amount of capital required to build the mine.
D) the profit that can be made from mining the ore.
E) the number of customers who want to buy ore.

Question

Quizplus · Accepted Answer

The ease with which ore could be mined is a practical consideration because it determines the efficiency and cost-effectiveness of the mining operation. If the natural resources are difficult to access or extract, the mining company may have to spend more money on equipment and labor, which could negatively impact profitability.

Natural Resources as a Factor of Production for Mining Are