To firms, resource prices are a major part of
A)revenues.
B)total product.
C)costs.
D)profits.

Name: To firms, resource prices are a major part of A)revenues. B)total product. C)costs. D)profits.
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Question

Quizplus · Accepted Answer

Resource prices are a major part of costs for firms, as they have to pay for the inputs (like labor, materials, and energy) needed to produce goods and services.

To Firms, Resource Prices Are a Major Part of