As a factor of production, what is capital? a. the entrepreneur who sees how to make something useful b. the tangible products made by labor c. the natural resources used to create a product d. an industrial good

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

What are two benefits of consumer programs

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.