Examlex
Which of the following is physical capital?
Factors Of Production
Inputs into the production process (e.g., labor, capital, and materials).
Profit
The financial gain made in a transaction or operation, calculated as the difference between the revenue earned and the costs incurred.
Short Run
A time period in economic analysis during which at least one factor of production is fixed, influencing the firm's decisions on output and pricing.
Profit
The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
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