Capital, as economists use the term, refers to
A. The cash needed to start a new business.
B. The costs of operating a business.
C. Final goods that are used to produce other goods and services.
D. Shares of stock issued by businesses.
Answer: C
You might also like to view...
Which of the following is not necessarily true for a profit-maximizing single-price monopolist?
A) P > ATC B) P > MC C) P > MR D) MR = MC
If the firm learns that the complicated technology can be made more stable with a few tweaks increasing the price to 15.5 million and increasing the probability of a launch to 50%. Given the new costs and probabilities of launch for the complicated software, which technology would the firm rather invest in now?
a. The simple voice-activated software b. The complicated thought-activated software c. Neither of the software d. Need more information