It Takes a Bus and a Driver to Produce Bus

question 33

Multiple Choice

It takes a bus and a driver to produce bus service for the students in a college town.Therefore,the bus and the driver are the ___________ for bus service.

• A)short run output
• B)variable cost
• C)factors of production
• D)only inputs in the long run

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Definitions:

Tax Rate

The rate at which taxes are levied on an individual or a company.

Cost of Capital

The yield a corporation needs to generate from its investment ventures to sustain its market price and appeal to investors.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage.

Short-term Borrowings

Loans or financial obligations that are due for repayment within a short period, typically less than a year.