Which of the following is not an example of a capital input?
a. A person's skills and abilities, which can be employed to produce valuable goods and services.
b. Factories and offices where goods and services are produced
c. Tools and equipment.
d. Computers used by a company to record inventory, sales, and payroll.
a
Economics
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Kim runs a sandwich joint that has a fixed cost of $1,000 . She has employed 3 workers and pays $100 per day to each worker. She sells 420 sandwiches per day at a price of $3.40 per sandwich. The average fixed cost incurred in the production of sandwiches is equal to:
a. $2.38. b. $3.09. c. $1.48. d. $0.88.
Economics
A straight-line demand curve has the same elasticity throughout its length.
Answer the following statement true (T) or false (F)
Economics