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endah87 endah87
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A year ago
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
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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live4outdoorslive4outdoors
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A year ago
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endah87 Author
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A year ago
Thanks
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africa143
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2 hours ago
This helped my grade so much Perfect
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