Which would be an implicit cost for a firm? The cost:
A. Of worker wages and salaries for the firm
B. Paid for leasing a building for the firm
C. Paid for production supplies for the firm
D. Of wages foregone by the owner of the firm
D. Of wages foregone by the owner of the firm
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Consider the above figure. The curve shown is sometimes referred to as
A) the Laffer curve. B) the Ricardian curve. C) the Keynesian curve. D) the Phillips curve.
If the interest rate rises, the present discounted value of a stream of payments owed in the future:
a. rises. b. stays constant. c. falls. d. may rise or fall depending on the shape of the stream.
If the (average) tax rate is cut by 10%, and as a result the tax base rises by 15%, tax revenues will rise
Indicate whether the statement is true or false
Under what circumstances will the equilibrium in a trust game be efficient?
What will be an ideal response?