What determines whether a good is “capital” or a “consumer good”? How it is purchased:with business funds or with personal funds How it is used:to produce further wealth, or to be consumed Where it is located:in a home or in a business Where it is purchased:from a wholesaler or from a retailer Who uses it:the person buying it or an employee of theirs

Capital merchandise square measure merchandise that square measure utilized by one company to help…

Answered: What determines whether a good is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What determines whether a good is “capital” or a “consumer good”?

		How it is purchased: with business funds or with personal funds
		How it is used: to produce further wealth, or to be consumed
		Where it is located: in a home or in a business
		Where it is purchased: from a wholesaler or from a retailer
		Who uses it: the person buying it or an employee of theirs

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