The input factors of production include Land, Labor, Capital, Technology, and Entrepreneurial ability. Which of the following is an example of Capital? (a)The secret formula used to create a can of Coca Cola. (b)The total of all the workers employed by the firm. (c)The 200 acres the factory sits on (d)The machines required to produce cars

The input factors of production include Land, Labor, Capital, Technology, and Entrepreneurial ability. Which of the following is an example of Capital? (a)The secret formula used to create a can of Coca Cola. (b)The total of all the workers employed by the firm. (c)The 200 acres the factory sits on (d)The machines required to produce cars

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter5: Supply, Demand, And Price: Applications

Section5.8: Application 8: College Superathletes

Problem 1ST

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Question

The input factors of production include Land, Labor, Capital, Technology, and Entrepreneurial ability. Which of the following is an example of Capital?

(a)The secret formula used to create a can of Coca Cola.

(b)The total of all the workers employed by the firm.

(c)The 200 acres the factory sits on

(d)The machines required to produce cars

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