Author Question: Consider a firm that places coin-operated coffee machines in university buildings. On January 1, ... (Read 53 times)

blkth103 · **on:** Oct 12, 2022

Consider a firm that places coin-operated coffee machines in university buildings. On January 1, 2015 the firm has 1500 machines in operation, and on January 1, 2016 the firm has 2250 machines in operation. A possible explanation for this increase in the firm's capital stock is that
1) there was an increase in productivity of coin-operated coffee machines that reduced the cost per cup of coffee produced;
2) an increase in demand for coffee led to an increase in the price per cup;
3) there was an increase in interest rates.
◦ 1 only
◦ 2 only
◦ 3 only
◦ 1 or 2
◦ 2 or 3

heathercab · **Reply #1 on:** Oct 12, 2022

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