Chapter 13 - Capital, Interest, Entrepreneurship, and Corporate Finance

Microsoft

When ________ sells a copy of the product, the initial client becomes a prospective provider of that product.

intellectual property

Information, or so- called ________, is one potentially valuable capital resource.

resource supplier

As a(n) ________, you have a labor supply curve for each of your labor's numerous possible applications.

intangible asset

It is a(n) ________ generated by human knowledge and ideas.

market wage

The ________ is determined by both labor demand and labor supply, just as both blades of scissors contribute equally to cutting paper.

industry demand

The ________ for golf carts demonstrates the link between the amount invested by all courses and the projected rate of return.

investment demand curve

The ________ is similar to the step- like pattern in Exhibit 1.

Intellectual property

________ is expensive to create, but once created, it may be given at a low cost.

Incentive for deferring

Interest consumption