Expenses that a firm does NOT have to pay out of pocket are
A) wages of employees.
B) taxes.
C) implicit costs.
D) explicit costs.
Answer: C
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One of the reasons the velocity of M1 has risen over the long-run is
A) increased economic uncertainty. B) growth in the money supply. C) new techniques of cash management by corporate treasurers. D) an increase in the demand for money.
A monopolist's demand curve is given by:
p = 100 + A1/2 – Q where Q is the quantity of output and A is the quantity of advertising. Suppose the cost of advertising and output is given by: C(Q,A) = 10Q + A Determine the profit maximizing quantity of output and advertising.
Refer to Figure 5.4. Which consumption bundle would maximize the consumer's utility?
A. A
B. B
C. C
D. D
Global corporations in general are:
A. as difficult to regulate as domestic corporations. B. less difficult to regulate than domestic corporations. C. beyond the scope of government regulation at any level. D. more difficult to regulate than domestic corporations.