You and two partners start a company.However,your partners play no role in running the company.You devote all our time and talent to run your own business rather than working for someone else.You incur an(a) :
A) explicit cost.
B) marginal cost.
C) sunk cost
D) opportunity cost.
Correct Answer:
Verified
Q3: Economic Value Added helps firms to avoid
Q4: James used $200,000 from his savings account
Q5: In the short-run:
A)All costs are variable
B)Some costs
Q6: A business owner makes 50 items a
Q7: A business owner makes 1000 items a
Q9: After graduating from college,Jim had three choices,listed
Q10: The opportunity cost of an action:
A)is equal
Q11: Accountants and Economists differ in their calculations
Q12: A business owner makes 50 items a
Q13: James used $250,000 from his savings account
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