QUESTION 11 If a person pays to own a factor of production indefinitely then he or she must have paid the a. rental price b. manufactured suggested retail price c. purchase price O d.ownership price
QUESTION 11 If a person pays to own a factor of production indefinitely then he or she must have paid the a. rental price b. manufactured suggested retail price c. purchase price O d.ownership price
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![QUESTION 11
If a person pays to own a factor of production indefinitely then he or she must have paid the
a. rental price
b. manufactured suggested retail price
c. purchase price
d. ownership price](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92b72ece-115d-42e0-89d8-9d9093976b00%2Ffe4e0dac-c872-4b8b-a009-7a112c9bea4d%2Fl6f37cp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 11
If a person pays to own a factor of production indefinitely then he or she must have paid the
a. rental price
b. manufactured suggested retail price
c. purchase price
d. ownership price
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