Which of the Following Product Offerings Is Intangible

question 94

Multiple Choice

Which of the following product offerings is intangible?

• A) fish for an aquarium
• B) refillable ink cartridges for a computer printer
• C) a mink coat
• D) a meal at a fast-food restaurant
• E) a limousine ride

Calculate the average tax rate for individuals and firms.

Understand the impact of purchases and depreciation on firm's cash flow and net income.

Identify the marginal tax rate for individuals and firms based on income levels.

Understand and identify the most and least liquid assets.

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Definitions:

Purely Competitive Firm

A business functioning in an environment with numerous purchasers and vendors, where no single entity has the power to notably affect the prices in the market.

Technological Improvement

Advances and innovations in technology that enhance efficiency, productivity, or capabilities in various sectors.

Product Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specified time frame.

Decreasing-cost Industry

An industry wherein an increase in the scale of production leads to a reduction in the average cost of production.