Which of the following is least likely to be considered a capital input?
A) a sewing machine
B) a tractor
C) a telephone
D) a ten dollar bill
D
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Due to capacity constraints, the price elasticity of supply for most products is:
A) the same in the long run and the short run. B) greater in the long run than the short run. C) greater in the short run than in the long run. D) too uncertain to be estimated.
At what quantity is Jim's Production indifferent between two technologies?
a. 5000 b. 7500 c. 10000 d. 12500
Price elasticity of demand measured over a range of prices and quantities along the demand curve is _____
a. point elasticity b. arc elasticity c. income elasticity d. cross elasticity e. price elasticity
Suppose a bank has $160,000 in deposits and a required reserve ratio of 10 percent. Then required reserves are
A. $1,600,000. B. $160,000. C. $16,000. D. $1,600.