Inputs, or factors of production, include
a. labor.
b. machinery.
c. natural resources.
d. all of the above.
d
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James is a resident of the U.S. and has accrued capital gains on an asset. If James dies prior to the realization of capital gains, ________.
A. his heirs will have to pay the tax on gains B. his heirs can sell the asset and the gains will be tax-free C. his heirs will have to pay a death tax along with the capital-gains tax D. his heirs will not be able to sell the asset
Refer to the information provided in Table 14.2 below to answer the question that follows. Table 14.2B's Strategy ?AdvertiseDon't Advertise??A's profit $100 millionA's profit $200 million?AdvertiseB's profit $100 millionB's profit $50 millionA's Strategy????Don'tA's profit $50 millionA's profit $75 million?AdvertiseB's profit $200 millionB's profit $75 millionRefer to Table 14.2. Firm A?s dominant strategy is
A. dependent on what Firm B does. B. to not advertise. C. to advertise. D. indeterminate from this information, as no information is provided on Firm A?s risk preference.