Which one of the following is included in the implicit rental rate of capital?
A) economic depreciation
B) the cost of electricity
C) the cost of raw materials
D) the cost of labour
E) the cost of heating
Correct Answer:
Verified
Q1: A firm's opportunity cost includes
A)the cost of
Q2: The long run is a time frame
Q3: Plant refers to those factors of production
A)that
Q4: Normal profit is the _.Normal profit _
Q5: Economic depreciation is
A)the same as depreciation calculated
Q7: Which of the following is part of
Q8: Economic profit equals total revenue minus
A)the cost
Q9: The short run is a time frame
Q10: The difference in the market value of
Q11: In general, (1)opportunity cost is greater than
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