Which of these is a criticism of the physical capital concept?
A)It is not meaningful if the firm does not continue to replace identical units
B)When costs are decreasing a profit may still be recorded when a company sells a product for less than purchase price
C)When a company buys and sells in the same market it will record zero profit
D)All of the above

Question

Quizplus · Accepted Answer

Each of the statements A, B, and C highlights a different criticism of the physical capital concept, indicating that all of the provided options are valid criticisms.

Which of These Is a Criticism of the Physical Capital