Larry's Lathe-makers Limited produces lathes, which are purchased by furniture manufacturers all over the world. The standard lathe depreciates over a twenty-five-year period. In the national income accounts, the lathes are classified as
A) inventory.
B) raw materials.
C) capital goods.
D) intermediate goods.
C
You might also like to view...
What is the random walk theory?
What will be an ideal response?
For both a monopolist and a monopolistically competitive firm:
a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero.
An increase in tuition rates for astronomy students would
a. decrease the wage rate for astronomers b. cause the demand curve for astronomers to shift to the right c. cause the demand curve for astronomers to shift to the left d. lead to future reductions in the labor supply of astronomers e. lead to a rise in the marginal revenue product of astronomers
If many landlords convinced many tenants to leave their rent-control apartments, how would the graph most likely change?
a. PRC would increase.
b. PRC would decrease.
c. PE would decrease.
d. PE would increase.