Which One of the Following Pairs of Terms Lists Considerations

question 23

Multiple Choice

Which one of the following pairs of terms lists considerations in determining a capital expense?

• A) effectiveness and equipment life expectancy
• B) cost and clinical application
• C) cost and equipment life expectancy
• D) number of clients to be served and cost

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Definitions:

Long-run Equilibrium

A state in economics where all factors of production and economic agents are fully adjusted to the conditions, and no further tendency for change exists.

Competitive Price-searcher Market

A market structure where firms have some control over their selling price because their products are differentiated.

Competitive Price-searcher Market

A market where firms have some control over the price because their products are differentiated.

Average Total Cost

The sum of all production costs (both fixed and variable) divided by the amount of produced output.