Which of the Following Is Not an Example of a Separate

question 1

Multiple Choice

Which of the following is not an example of a separate class of property, plant and equipment?

• A) Office equipment
• B) Land and buildings
• C) Inventory
• D) Motor vehicles

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Definitions:

Long-run Equilibrium

A state in which all factors of production and costs are variable, allowing firms in a perfectly competitive market to make zero economic profit, balancing supply and demand.

Maximum Profits

The highest possible financial gain that a business can achieve in a given period, optimizing revenue while minimizing costs.

Long-run Equilibrium

A state in which supply equals demand and all factors of production and markets are in balance, typically considered in the context of perfect competition.