If a Good Is Capital Intensive It Means That the Good

question 60

Multiple Choice

If a good is capital intensive it means that the good is produced

• A) using capital as the only input.
• B) using capital such that the cost of capital is more than 50% of total cost.
• C) using capital such that the total cost of capital is greater than the total cost of labor.
• D) using relatively more capital than goods that are not labor intensive.
• E) using more capital per unit of output than goods that are not capital intensive.

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Definitions:

Mean Salary

The average income earned by employees in a specific group, calculated by dividing the total salary by the number of individuals.

Net Weight

The weight of a product without any packaging or container, essentially the weight of the goods alone.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the individual data points differ from the mean of the data set.

Significance Level

The threshold used in statistics to determine the probability of rejecting a null hypothesis when it is true.