Which of the following is an example of using physical capital to save time and money?
(A) Hiring more workers to do a job.
(B) Lowering workers' wages to increase profits.
(C) Building extra space in a factory to improve production.
(D) Switching from oil to coal to make production cheaper.
Ans: (C) Building extra space in a factory to improve production.
Economics
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If you buy a bond issued by Intel, the bond is a(n):
A) liability to Intel and an asset to you. B) liability to you and an asset to Intel. C) liability to both you and Intel. D) asset to both you and Intel.
Economics
Refer to Figure 10.3. What quantity will the monopsonist purchase to maximize profit?
A) Q1 B) Q2 C) Q3 D) Q4 E) none of the above
Economics