Which of the Following Is Least Likely to Be Considered

question 60

Multiple Choice

Which of the following is least likely to be considered a capital input?

• A) a sewing machine
• B) a tractor
• C) a telephone
• D) a ten dollar bill

Learn the essential components and functions of a statement of purpose within professional documents.

Develop an understanding of how to create a detailed work plan and its critical elements.

Understand the principles and importance of credibility in persuasive communication.

Identify the effective main idea in persuasive messages.

---

Definitions:

Average Total Cost

The total cost of production divided by the total number of units produced.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, measuring the opportunity costs of a firm's resources.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, leading to competitive pricing and product differentiation.

Price Takers

Economic participants who accept the prevailing market price as they do not have the market power to influence it.