Which of the Following Is an Example of an Investment

question 53

Multiple Choice

Which of the following is an example of an investment a safety equipment salesperson could make in a client?

• A)sample earplugs
• B)time
• C)training customer's employees on how to use hazardous waste clean-up equipment
• D)free trial use of a $3,000 machine for cleaning up toxic wastes
• E)all of the above

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Definitions:

Firm's Output

The total quantity of goods or services produced by a company within a specific time period.

Lowest Price

The minimum cost at which a good or service is offered in the market, representing the least amount a seller is willing to accept.

Long Run

refers to a period of time in which all factors of production and costs can be fully adjusted, including all forms of investment.

Short Run

A timeframe in economic terms where firms can adjust production levels only by changing variable inputs, with fixed inputs remaining constant.