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3 years ago

Which of the following is an example of physical capital in an economy?

Business

1 answer:

Tom [10]3 years ago

4 0

Answer:

A. A cargo plane

Explanation:

In Economics, factors of production are used for the manufacturing of goods and services in order to meet the unending needs or requirements of the consumers at a specific price and period of time. The four (4) factors of production are;

I. Land.

II. Labor.

III. Entrepreneurship.

IV. Capital.

Physical capital can be defined as any tangible, artificial goods which are typically used for the production of finished goods or services. Therefore, it comprises of building, computer, machinery or equipment, office utilities, cash, vehicles, etc.

Hence, a cargo plane is an example of physical capital in an economy because it is a tangible, man-made equipment used for the transportation of people or goods from one location to another.

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When marginal revenue equals marginal cost, the firm a. should increase the level of production to maximize its profit. b. may b

love history [14]

When marginal revenue is equal to the marginal cost, then the firm should increase the level of production to maximize its profit.

Marginal revenue simply means the increase in revenue that a company makes as a result of selling an additional output of good. Marginal cost is the cost that a company incurs for production of one extra unit of good.

It should be noted that when the marginal cost if a firm is more than the marginal revenue, it means that the firm is producing too much.

When the marginal revenue of the firm equals the marginal cost, then the firm should maximize its profit.

The correct option is A.

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2 years ago

Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ

Damm [24]

Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

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3 years ago

Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $

Sergeu [11.5K]

Answer:

$4,038

Explanation:

Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.

Present Value = Future Value x (1/ ( 1 + interest rate ) ^ number of periods)

Present Value = 6,000 x (1/ ( 1 + 0.08) ^ 5)

Present Value = 6,000 x 0.68058

Present Value = $4,038

4 0

3 years ago

The quantity portion of the staffing definition means that organizations must be concerned about staffing levels and their adequ

azamat

The principle of the question is false to my own knowledge from my great great grandpa.

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3 years ago

Last year, Mountain Top, Inc., purchased a coal mine at a cost of $900,000. The salvage value has been estimated at $100,000. Th

nydimaria [60]

Answer:

Journal entry to record depletion expense

Depreciation expense $280,000 (debit)

Accumulated depreciation $280,000 (credit)

Explanation:

The coal mine is an economic resource controlled (ownership of risks and benefits) by Last year, Mountain Top, Inc as a result of past event (purchase transaction) from which economic benefits are expected to flow into the business (cash from sale of minerals).Therefore the coal mine is an asset!

The asset is being depleted as it is being used. This is called depreciation.

Depreciation expense in this case is calculated as :

Depreciable Account × Current harvest as a percentage of total estimated tons available

(900000-100000)× 70000/200000 = $280,000

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3 years ago