All of the following would be considered explicit costs of operating a business except
A) utility expenses.
B) the cost of raw materials used in production.
C) the rental value of equipment the company owns and uses for its own production.
D) advertising expenses.
Answer: C
You might also like to view...
A shift in demand toward the foreign country's goods would ________ the domestic real interest rate and ________ net desired saving (desired saving less desired investment) in the economy
A) lower; increase B) lower; decrease C) raise; increase D) raise; decrease
Within a game theory model, if a change in decision-making raises corporation A's profits by $50 and lowers corporation B's profits by $60, the game is a
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.
Which of the following is the largest union in the United States?
A) International Brotherhood of Teamsters B) International Brotherhood of Electrical Workers C) National Education Association D) American Federation of State, County, and Municipal Employees
What is the interest rate on a 12-month U.K. certificate of deposit if the dollar return on the certificate is 4 percent and the dollar has appreciated 9 percent against the British pound?
a. 15 percent b. 13 percent c. 9 percent d. 5 percent e. 4 percent