Question

For each of the following, state whether it is capital or investment or neither. If it...

For each of the following, state whether it is capital or investment or neither. If it is capital, also state what kind of capital: physical capital, human capital, social capital, or religious capital. If it is an investment, state what type of capital (of the four listed above) is produced.

(a) A machine that produces chocolate chip cookies.

(b) A chocolate chip cookie.

(c) A $20 bill.

(d) The time spent learning how to use Canvas.

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Homework Answers

Answer #1

A) PHYSICAL CAPITAL AND INVESTMENT (As it implicates physical machinery producing goods for the company and acts as an investment too as bought under to produce more goods)

B) NEITHER (as it just refers to the end product of the production)

C) PHYSICAL CAPITAL INVESTMENT (it is the bill that can be used to pay for any services or purchase capital)

D) HUMAN CAPITAL AND INVESTMENT (it is an investment in the human resource which act as the capital as it increases the efficiency of the production).

PLEASE GIVE A THUMBS UP:)

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