d.cost of wages of assembly worker
The following are not related to cost of producing the cell phone because
a.salary of plant supervisor: Overall supervisors are accountable of various product of the organisation for example the plant might have five outputs with the cell phone being one of them therefore his/her labor costs are not related to a certain product.
b.cost of phone components : Direct labor is related to cost of paying workers in an organisation therefore cost of phone components doesn't have anything to do with people.
c.cost of oil lubricants for factory machinery : explanation is the same as in b
d.cost of wages of assembly worker : the worker the directly linked to the production of the product thus his/her wages are a direct labor cost to the manufacturer.
a city’s population. its not money like everyone says
City's population is an example of labor force . Various people in cities work as labors in various day to day works in cities
The other options like- money available to be invested in a company is an example of business and corporation.
Water held in a reserve and electricity produced by a nearby power plant is an example of public work.
Cost of interior upholstery is the correct answer.
D. An overtime pay law
Labor law can also refer to the set of standards for working conditions and wage laws. These laws, such as the Fair Labor Standards Act, prohibits child labor, and sets a minimum wage. Collective Bargaining: The act of negotiating with a union. MAY THIS BRING YOU KNOWLEDGE
Money is an example of labor resources.
In economics, the factor of production is a term that defines the output that is used in a production of goods and services so as to make economic profit. These entails all the resources required or needed to create the goods and services.Further Explanation
However, there are four factors of production and these include labor, land, capital and entrepreneurship.
These factors are also interpreted by organizations to be managements, machines, technology and knowledge, materials and labor. These factors are considered by scholars to be the new factors of production.
Labor as factor of production: labor is described as the effort used to bring good and services to the market. Company pays for effort of production workers in wages and this depends on the skills and training.
Labor by workers that are not skilled or educated are paid at low prices while labor by workers that are highly skilled and educated are paid high prices. High skilled and educated workers were paid huge amount of money because they are contributing more than physical ability to task.
Characteristics of labor as a factor of productionPerishable in nature Human effort Not easily mobile Supply of labor in the market is relatively inelastic Labor has week bargaining power Labor is heterogeneous
LEARN MORE:example of a labor resource
KEYWORDS:labor resourcesfactors of
the answer is ... a city’s population
you can put this in your 11 sentence summary
" most of the money would be invested in innovation, economic convergence."