Which of the Following Is Not an Example of a Capital

question 85

Multiple Choice

Which of the following is not an example of a capital input?

• A) ​A person's skills and abilities, which can be employed to produce valuable goods and services.
• B) ​Factories and offices where goods and services are produced.
• C) ​Tools and equipment.
• D) ​Computers used by a company to record inventory, sales, and payroll. ​

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Definitions:

Monopoly Power

The degree of power held by a monopoly, characterized by the ability to control market prices and exclude competitors within a particular market or industry.

Price Markup

The practice of setting the selling price of a product higher than its initial cost to achieve a profit margin.

Elastic Demand

A type of demand that responds significantly to changes in price, where a slight price change leads to a substantial change in the quantity demanded.

Marginal Cost

The cost increase associated with the creation of one additional unit of a good or service.