For a computer software firm,capital could be thought of as (i) the firm's computer programmers.
(ii) the wages the firm pays to its computer programmers.
(iii) computer equipment.

Question

For a computer software firm,capital could be thought of as (i)	the firm's computer programmers.
(ii)	the wages the firm pays to its computer programmers.
(iii)	computer equipment.

Quizplus · Accepted Answer

Capital refers to the physical assets a company uses to produce goods or services. In this case, computer equipment would be considered as the capital for the software firm, whereas computer programmers and their wages would fall under the category of labor costs.

For a Computer Software Firm,capital Could Be Thought of as (I) the