lectur5-page17

Lectur5-page17 - A pickup truck used to go to the beach for vacation is considered a durable consumer good.

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17 17 CAPITAL Man made aids to the production process. Tools, machinery, and buildings used to produce other goods and services. A pickup truck used for business purposes would be considered capital.
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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