Capital refers to an inventory or a stock of productive equipment and machines
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
________ is the measure of the sensitivity of one variable to a change in another
A) Multiplier B) Elasticity C) Amplitude D) Buoyancy
Regarding costs of production, can a firm ever be at a point that is not on the marginal cost curve? Explain
Exhibit 4-2 Supply and demand curves
In Exhibit 4-2, which of the following might cause a shift from S1 to S2?
A. A decrease in input prices. B. A decrease in consumer prices. C. An increase in input prices. D. An increase in consumer income.
An In the News article discusses "Too Many Sellers: The Woes of T-Shirt Shops." If T-shirt shops are perfectly competitive firms, then
A. Shops can definitely earn an economic profit in the long run. B. There are few T-shirt shops. C. The barriers to entry are low. D. Each shop has market power.