If a Good Is Capital Intensive It Means That the Good

question 23

Multiple Choice

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

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

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Definitions:

Accountant

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Probate Process

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A legal document, not valid until the testator’s death, expressing the testator’s intent in the distribution of all real and personal property.