Which of these is an example of depreciation?

(A) A worker's truck breaks down more often after 80,000 miles of driving.
(B) An employer fires a worker for repeatedly arriving late to work.
(C) A share of stock declines in value over several months.
(D) A clothing store owner reduces the price of a belt by $10 to encourage sales.


Ans: (A) A worker's truck breaks down more often after 80,000 miles of driving.

Economics

You might also like to view...

The purchasing power of the dollar

A) varies directly with the purchasing power of other major currencies such as the euro and the Japanese yen. B) varies inversely with the price level. C) varies directly with the price level. D) varies directly with the price of gold.

Economics

Trina's Tropical Fish Store sells goldfish for $2 each and angelfish for $10 each. What is the opportunity cost of buying a goldfish?

A) 1/5 of an angelfish B) $10 C) $2 D) 5 angelfish

Economics

A price index is the

A) cost of a market basket of goods today. B) cost of a market basket of goods and services a year ago expressed as a percentage of the cost of the same market basket today. C) cost of a market basket of goods and services today expressed as a percentage of the cost of the same market basket during a base year. D) year that is chosen as the point of reference for comparison of prices in other years.

Economics

If a firm hires labor for $6,000, pays rent of $2,000, buys raw materials for $10,000 from another firm, earns profits of $800, and sells its output for $25,000, the value added by the firm is _____

a. $6,200 b. $9,000 c. $15,000 d. $18,000 e. $18,800

Economics