Examlex
Which of the following is NOT correct?
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery.
Labor
The human effort, both physical and mental, used to produce goods and services.
Isocost Line
A chart displaying every possible input mix that can be acquired for an identical expense.
Total Cost
All expenses a business incurs to produce goods or services, including both fixed and variable components.
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