What do foregone interest on money invested in a firm, wages paid to production workers, interest paid on bank loans, and the purchase of parts for assembly have in common?
a. All are explicit costs
b. All are implicit costs.
c. All are opportunity costs.
d. None are opportunity costs.
c
You might also like to view...
Suppose when the price of movie tickets is $7.50, the quantity demanded is 550, and when the price is $8.50, the quantity demanded is 450. Using the mid-point method, the price elasticity of demand is:
A. 0.625 B. 0.625 C. 1.6 D. 1.6
Using the following numbers, what is Macland’s current account?
Goods: exports $500, imports $365 Services: exports $350, imports $400 Income payments: exports $300, imports $425 Unilateral transfers: exports 0, imports $50 a. -$80 b. $2,390 c. -$90 d.-$225
The higher are a firm's risk-corrected returns
A. the more difficulty it will have financing its expansion plans. B. the higher are its opportunity costs. C. the more advantage it has in obtaining investor financing. D. the lower are its labor costs.
In the above figure, if a single-price monopolist maximized its profit, the deadweight loss in the market is equal to the area
A) ace. B) acg. C) ecg. D) bch.