A firm's opportunity cost includes
A) the cost of using resources bought in the market and owned by the firm only.
B) the cost of using resources bought in the market,owned by the firm,and supplied by the firm's owner.
C) only costs that are paid in cash or by cheque.
D) the cost of using resources supplied by the firm's owner only.
E) economic profit.
Correct Answer:
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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
Q6: Which one of the following is included
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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