All the costs of a transaction are referred to as
A) transfer costs.
B) transactions costs.
C) marketing expenditures.
D) accounting costs.
B
You might also like to view...
Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the company's profit?
A. $40,000,000 B. $24,000,000 C. $1,500,000 D. Not enough information is given to calculate profit.
For any competitive market, the supply curve is closely related to the
a. preferences of consumers who purchase products in that market. b. income tax rates of consumers in that market. c. firms' costs of production in that market. d. interest rates on government bonds.
The characteristics of jobs and workers affect
a. labor supply. b. labor demand. c. equilibrium wages. d. All of the above are correct.
In the above figure, moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles, the opportunity cost of one ukulele is
A. 1 guitar. B. 25 ukuleles. C. 75 ukuleles. D. 25 guitars.