Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $5,000,000. Currently, it has 225,000 calculators in reserved inventory that it plans to sell next n to retail stores for $70 each. Its board of directors has $1.62 million in government bonds and $115,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $290,000. The capital stock of firm XYZ is $ (Enter your response rounded to the nearest dollar.)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $5,000,000. Currently, it has 225,000 calculators in reserved inventory that it plans to sell next month
to retail stores for $70 each. Its board of directors has $1.62 million in government bonds and $115,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose
collective worth in terms of skill and knowledge is equal to $290,000.
The capital stock of firm XYZ is $. (Enter your response rounded to the nearest dollar.)
Transcribed Image Text:Firm XYZ sells calculators. It operates in a plant worth $1,000,000 and maintains production equipment worth $5,000,000. Currently, it has 225,000 calculators in reserved inventory that it plans to sell next month to retail stores for $70 each. Its board of directors has $1.62 million in government bonds and $115,000 in savings for use as payroll and emergency funds. In addition, XYZ employs several workers whose collective worth in terms of skill and knowledge is equal to $290,000. The capital stock of firm XYZ is $. (Enter your response rounded to the nearest dollar.)
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