Which of the following are two components of the opportunity cost of using capital already owned by the firm?
A) economic profit and normal profit
B) implicit rental rate and economic profit
C) explicit rental rate and economic costs
D) economic depreciation and forgone interest
Correct Answer:
Verified
Q8: Economic depreciation is the
A) firm's opportunity cost
Q9: The difference between the market price of
Q10: Which of the following is part of
Q11: Which of the following costs are part
Q12: An electrician quits her current job, which
Q14: A firm's opportunity costs
A) equal the costs
Q15: Firms use incentives to pursue their most
Q16: If instead of working on his own
Q17: Over a given period, economic depreciation is
Q18: Tudor's Deli and Catering could have sold
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