Olivia owns and manages an accounting firm. In Olivia's business, an example of physical capital would be a) the land on which the office building sits. O b) her understanding of tax return preparation. O c) a computer. O d) her accounting degree. O e) the number of employees she hires.

Olivia owns and manages an accounting firm. In Olivia's business, an example of physical capital would be a) the land on which the office building sits. O b) her understanding of tax return preparation. O c) a computer. O d) her accounting degree. O e) the number of employees she hires.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 8P

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Question

Olivia owns and manages an accounting firm. In Olivia's business, an example of
physical capital would be
a) the land on which the office building sits.
O b) her understanding of tax return preparation.
O c) a computer.
d) her accounting degree.
O e) the number of employees she hires.

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