
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Which of the following is an example of capital as a factor of production?
Group of answer choices
Stocks
Bonds
money
Equipment used by businesses
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- In the graph below, you would prefer to be at point B in this graph rather than point C because it leads to cost of producing the same level of output. Capital 2 H F D A B 56 E Labor с 15 G Output = 20 Output = 10arrow_forwardWhy is "financial capital" unable to be categorized as an attribute of production?arrow_forwardWhich of the following is NOT a factor of production? The effort of farmers raising cows for milk. The water used to cool a nuclear power plant. The wages paid to workers. The entrepreneurial skill of a small business owner.arrow_forward
- What is one negative aspect of technology on productivity? Technology allows for more products to be made in a shorter amount of time. Technology allows companies to reduce the cost of making products. Technology allows for more efficient ways to produce goods. This may lead to the elimination of jobs. Technology allows for workers to work from home, which leads to fewer call-offs due to illness, inclement weather, or childcare-related issues.arrow_forwardWhat is the opportunity cost of investing in a physical capital?arrow_forwardDefine resources. Discuss the differences between human and capitalresources, and give three examples of each.arrow_forward
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