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NC State Macroeconomics Which of the following is capital? a) The eggs you buy for breakfast....

NC State Macroeconomics

Which of the following is capital?

a) The eggs you buy for breakfast.

b) The barn farmers put the chicken in at night.

c) The corn farmers use to feed the chicken that produces the eggs.

d) The eggs farmers sell to supermarkets.

I am leaning towards B or C.

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Answer #1

The eggs for breakfast is a consumer product and is not capital and the eggs farmer sell to the supermarket is also not capital because it is the final product. Barn Farmers keeping chicken is also not capital good because this is also end product.

Therefore (a,b,d) are wrong

however corn farmers use to feed chicken that produce eggs is capital because this is acting as an input material so that this will result in getting the output which are eggs.

Therefore (c) is the answer to this question

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