At the beginning of the year, Tom's Tubes had a capital stock of 5 tube inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's capital stock at the end of year equals
A) 1 machine.
B) 2 machines.
C) 3 machines.
D) 6 machines.
D
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The value of the money multiplier depends on
A) the interest rate offered on bonds currently being purchased by the Fed. B) the ratio of total assets to total liabilities for the banking system as a whole. C) the reserve ratio. D) the interest rate offered on bonds currently being sold by the Fed.
How does central bank independence cause lower inflation?
What will be an ideal response?
Many of the new pollutants to which the world has been subjected are
a. less visible. b. less malodorous. c. far more dangerous. d. All of the above are correct.
For a monopolist
A. marginal revenue is equal to price for all units being sold. B. marginal revenue is greater than price for all units being sold except for the first unit. C. there is no relationship between marginal revenue and price. D. marginal revenue is less than price for all units being sold except the first unit.