Which of the following is a capital (as opposed to land or labor) resource? A. A computer programmer B. A personal computer used by a software firm C. A corporate bond issued by a computer manufacturer D. Silicon (sand) used to make computer chip

Which of the following is a capital (as opposed to land or labor) resource? A. A computer programmer B. A personal computer used by a software firm C. A corporate bond issued by a computer manufacturer D. Silicon (sand) used to make computer chip

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 17SQ

See similar textbooks

Related questions

Q: Please refer to the figure below. The equation for p = 105-0.005D 25,000+65D W Y D (units sold) How…

A: Companies typically have two types of costs: fixed costs and variable costs, which add up to total…

Q: In the country of Economica, the total labor force consists of 5,000 workers. 250 of these workers…

A: The labor force that is also known as the presently active population, is made up of all those who…

Q: Demand is said to be inelastic if Select one: a. buyers respond substantially to changes in the…

A: Elasticity is a term used in economics to describe how the quantity sought or supplied changes in…

Q: The cross price elasticity between a pair of complementary goods will be Select one: a.Zero…

A: Two goods are complements if they are consumed together.

Q: Herd immunity is a negative health externality. O True O False

A: Externality refers to spill-over effect of a good on society who is not involved in either…

Q: Canada: Electric Vehicle Subsidy Program Even though controversial, electric vehicdes (EVs) seem to…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: It is estimated that a certain piece of equipment can save $16,000 per year in labor and materials…

A: A certain piece of equipment can save $16000 per year in labor and material costs So A= $16000 Life…

Q: Why do the United States and many other countries have antitrust laws? What’s so harmful about…

A: The reasons why do the United States and many other countries have antitrust laws are below: Many…

Q: Suppose that the economy is characterized by the following behavioral equations: C = 150 + 0.6YD | =…

A: Aggregate expenditure is the sum of consumption, investment and government spending in a closed…

Q: Once you have this, you are considered a part owner of the company. O A. Stock О В. Bond O C. Profit…

A: Stocks are traded in the stock exchanges. These stocks are also known as the shares of firms.

Q: When the government engages in expansionary fiscal policy there is a. a budget deficit and increase…

A: Fiscal policy is defined as a policy which is undertaken by the government of a country to influence…

Q: The average propensity to save is 0.39 Calculate saving if income is $650

A: Average propensity to save is the ratio of saving and income level . And we know that income is used…

Q: If quantity demanded exceeds quantity supplied, so that there is a surplus of a good as in the case…

A: Price ceiling refers to the government action or intervention through setting the maximum limit on…

Q: Goluki's preferences are given by the following utility function: U(qı, 42) = 9iª + ", 1/3 1/3 where…

A: Given Goluki's utility function: U(q1, q2)=q11/3+q21/3 .... (1)

Q: Is a type of cost which does not vary with the unit of production and will remain constant…

A: Cost refers to the money involved in producing the goods and services by the producers. They include…

Q: BS: Price = Quantity + 690 as a result of monetary policy actions, the Federal Reserve sells 110…

A: Question solved below,

Q: the value of the dollar appreciates in value relative to other currencies, this means the dollar…

A: The appreciation and depreciation of dolllar affect the GDP level. Appreciation leads to rise in…

Q: Focus on the maxims of Quantity, Relation, and Manner. Which maxim(s) is/are flouted when someone…

A: Cooperative PrincipleThe cooperative principle is an idea in sociology and etymology that…

Q: When a country has a comparative advantage in the production of a good, it means that it can produce…

A: Comparative advantage depends on opportunity cost, which is the decrease in production of one good…

Q: Which of the following is true about the general incorporation statutes that emerged in the United…

A: The state charters a corporation. It is a specialized legal form of organisation of people and…

Q: An art dealer owns a painting worth $1,600,000, and this dealer has an expected utility function…

A: The highest price a person is willing to pay for insurance is the price at which a person is…

Q: Consider a process with a unit cost of $40 for the first unit; that is c (1) = 40, a learning rate…

A: Given; Unit cost of first unit; c(1)= $40 Learning rate; LR=0.9 Formula to calculate unit cost of…

Q: 60. Assume a recessionary gap of $300 B exists in the U.S. macroeconomy. Also assume that the MPC…

A: Recessionary gap occurs when actual output is less than potential output.

Q: 1. Zaggy Zargawhoop has an idea for a new business. In order to develop his idea, he needs to invest…

A: Savings basically refers to the process of setting aside a portion of one's current income for…

Q: QUESTION 33 What happens when imports are more than exports? There is a OA Trade delicit OB Trade…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Please calculate and draw a conclusion. Ex Rates 2017 2018 EUR 75 76 USD 63 65 YEN per 100 55 57…

A: Given data table

Q: Which is NOT a common characteristic of financial intermediaries? * A. None of the choices. B.…

A: Financial intermediaries give a center ground between two gatherings in any monetary exchange. A…

Q: 14. With flexible exchange rates, central banks do not have to finance cur- rent account deficits…

A: The rate that depicts the measurement of one currency in terms of another currency is known as the…

Q: Please refer to the figure below. The equation for p = 105-0.005D - 25,000+650 w D (units sold)…

A: Given:TC=25000+65DP=105-0.005DNow,TR=P×DTR=(105-0.005D)×DTR=105D-0.005D2

Q: It is defined a condition where the total revenue is equal to the total cost, and an increase in…

A: Total cost is the total amount spent by a company on its production elements. Total revenue is a…

Q: 6. What does the equation of exchange, Mx V= Px Q, help to explain?

A: The expression, MV = PQ represents the quantity theory of money given by economists Fisher. M×V=P×T…

Q: If the government is running a fiscal deficit, it can only finance it through monetization. true or…

A: To finance the deficit, the government borrows money from the central bank and repays it by selling…

Q: A successful consumer boycott of oranges would impact the equilibrium price of veal as follows: a.…

A: At Equilibrium Price, quantity demanded of goods or services is equal to the quantity supplied. The…

Q: Which of the below changes in demand in the long-run would lead to entry in the perfectly…

A: In perfect competition there are large number of firms selling identical goods.

Q: 11 If accounting were a production system, a journal would be an "output." Group of answer choices…

A: A journal records all financial transactions of a firm or an organization. It records debit and…

Q: The economy of Andorra is currently experiencing unemployment rates of 5% while economic growth is…

A: As the money supply decreases, businesses will get less money and will fire workers so that…

Q: The total cost of a milling machine is P865821 including taxes and it can last up to 8 years. What…

A: Sum of Years Digits (SYD) FormulaSYD = sum of years digit = 1 + 2 + ... + n = n(1 + n)/2. The…

Q: What are the behavioral assumptions in oligopoly that lead to an individual oligopolist firm facing…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: G

A: In case of fixed proportions production function, the isoquants are L-shaped and the production…

Q: Decide true or false if it is false why it is false ? 1-When the government collects taxes in lump…

A: The impact of a change in income following a change in government spending is called government…

Q: The Impact of a large decline in demand in perfect completion in the short-run is this: a. Price…

A: What does it mean to have a market that is completely competitive? There are no monopolies under a…

Q: Let Srepresent the amount of steel produced (in tons). Steel production is related to the amount of…

A: We have The production function for steel: S=20L0.30C0.70 Where L is the number of labor units used…

Q: An increase in the domestic country's disposable income would Select] and would [ Select I therefore…

A: Disposable income is the difference between income left after paying for taxes and receiving…

Q: Isocost line graph and tables

Q: tight monetary policy is an indication that there is an on going or expected increase in the level…

A: In a tight monetary policy, the Fed's actions decrease the money supply, and in a loose monetary…

Q: To maximize profits, firms produce the level of output that: O a. equates total revenue and total…

A: Profit maximization is the goal of every firm operating in the market.

Q: Given that the Mundell-Fleming model is one of the innovations of neoclassical economics, do the…

A: The Mundell-Fleming model demonstrates that, under a flexible exchange rate environment, fiscal…

Q: Instructions: Round your responses to one decimal place. If you are entering any negative numbers be…

A: The rate of inflation is nothing but the rate of change in the consumer price index. inflation…

Q: In the short run, at a market price of $45 per sweater, this firm will choose to produce sweaters…

A: A perfectly competitive firm is a price taker and maximizes profit by producing at P=MC

Question

Which of the following is a capital (as opposed to land or labor) resource?

	A.	A computer programmer
	B.	A personal computer used by a software firm
	C.	A corporate bond issued by a computer manufacturer
	D.	Silicon (sand) used to make computer chips

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

The input factors of production include Land, Labor, Capital, Technology, and Entrepreneurial ability. Which of the following is an example of Capital? (a)The secret formula used to create a can of Coca Cola. (b)The total of all the workers employed by the firm. (c)The 200 acres the factory sits on (d)The machines required to produce cars
PLANT OUTPUT (TONS) CAPITAL ($) LABOUR (HOURS) 1 605.3 18,891 700.2 2 566.1 19,201 651.8 3 647.1 20,655 822.9 4 523.7 15,082 650.3 5 712.3 20,300 859.0 6 487.5 16,079 613.0 7 761.6 24,194 851.3 8 442.5 11,504 655.4 9…
PLANT OUTPUT (TONS) CAPITAL ($) LABOUR (HOURS) 1 605.3 18,891 700.2 2 566.1 19,201 651.8 3 647.1 20,655 822.9 4 523.7 15,082 650.3 5 712.3 20,300 859.0 6 487.5 16,079 613.0 7 761.6 24,194 851.3 8 442.5 11,504 655.4 9…
What is capital and labour intensive production technique
What is a project? (speaking of economic engineering)
A farmer has 8 hectares of agricultural land. The farmer will plant the land with rice and corn. 3 tons of rice can be harvested from 1 hectare of rice field, while 4 tons of corn can be harvested from 1 hectare of corn field. This farmer wants to get a yield of no less than 30 tonnes. If the cost of planting 1 hectare of rice field is 500 thousand and the cost of planting 1 hectare of corn field is 600 thousand. Then what is the minimum cost that must be incurred by the farmer?
Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) 1. List 2 (in numbers) 2 implicit costs that Jon has not included. 2. What is Jon’s pure economic profit (or loss) in numbers?
Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) A.What are Jon’s total revenues? B. What are Jon’s explicit costs? In numbers C.What is his accounting profit? in numbers D. List 2 (in numbers) 2 implicit costs that Jon has not included. E. What is Jon’s pure economic profit (or loss) in numbers?
#14, ENGINEERING ECONOMICS
Explain how a successful engineering project affects a firm's market value?
How does rising organic composition of capital threaten the rate of profit?
Student Date 1) Describe the factors of production.