Web Links

Issues and Applications—Web Resources:

• For a short summary of why some physicians might determine that they could benefit from a micropractice, go to http://www.drbrandatyourdoor.com/.
• To learn about how physicians put micropractices into operation, go to http://www.entrepreneurialmd.com/index/2007/4/25/is-putting-your-medical-practice-on-diet-a-smart-entrepreneurial-move.html.

Industry-Level Capital Expenditures

In this chapter, you learned about the explicit and implicit costs that firms incur in the process of producing goods and services. This Internet application gives you an opportunity to consider one type of cost—expenditures on capital goods.

Title: U.S. Census Bureau's Annual Capital Expenditures Survey

Navigation: Follow the link at http://www.census.gov/csd/ace/ and select the most recent Annual Capital Spending Report.

Application: Read the introductory summary of the report, and then in the report, answer the following questions.

1. What types of business expenditures does the Census Bureau include in this report?

2. Are the inputs that generate these business expenditures more likely to be inputs that firms can vary in the short run or in the long run?

3. Which inputs account for the largest portion of firms' capital expenditures? Why do you suppose this is so?