Question: Under what conditions would an automobile be a capital good
Under what conditions would an automobile be a capital good? What about a violin? A tuxedo? Under what conditions would a truck not be a capital good?
Answer to relevant QuestionsWhy do economists regard a law degree as human capital? Can you think of an educational experience that Isn't capital? Suppose you were advising the government of Egypt What policies would you recommend to achieve higher rates of economic growth? Why should you expect some resistance to your policy suggestions? Production costs (in labor hours) of oranges and peaches in Florida and Georgia are shown in the following table. If the states specialize, what should each produce? Why? Hans Gienepp is frustrated every year in March the price of tomatoes is $1.75 per pound. That is sufficient incentive for him to plant tomatoes. But in August, when the crop is ready for picking, prices have fallen to 25 ...Draw a graph depicting the Panhandle demand for onions (comparing it to the demand curve you drew in question 1) if the Panhandles population increases by 20 percent. Draw another graph depicting the Panhandle demand for ...
Post your question