Which of the following are implicit costs for a typical firm?
a. insurance costs
b. electricity costs
c. opportunity costs of capital owned and used by the firm
d. cost of labor hired by the firm
e. the cost of raw materials
C
You might also like to view...
Explain what would happen to the equilibrium price and quantity of iPhones if the supply of iPhones increased while the demand for iPhones also increased
What will be an ideal response?
Federal Reserve open market operations directly influence..
What will be an ideal response?
The price of a loan is the
A. exchange rate. B. interest rate. C. term. D. principal.
Which of the following is most consistent with the time-inconsistency problem?
A) while it is ten o'clock in the morning in Chicago, it will be eleven o'clock in New York City B) a monetary policy action that is implemented in January will not begin to influence economic variables for several months C) a parent who acquiesces to a child's demand just to keep them quiet in a public setting D) an economic model with adaptive expectations