Endellion owns a small delivery company. He decides to hire an office assistant and buys her a laptop to handle some of the administrative responsibilities for the company. This laptop is best described as which factor of production? equity capital knowledge human resources tangible product

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter11: Price And Output Determination: Monopoly And Dominant Firms
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D.23.

 

Endellion owns a small delivery company. He decides to hire an office assistant and buys her a laptop to handle some of
the administrative responsibilities for the company. This laptop is best described as which factor of production?
equity
capital
knowledge
human resources
tangible product
Transcribed Image Text:Endellion owns a small delivery company. He decides to hire an office assistant and buys her a laptop to handle some of the administrative responsibilities for the company. This laptop is best described as which factor of production? equity capital knowledge human resources tangible product
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