Economists consider:

Question

Quizplus · Accepted Answer

Economists consider all of these factors when analyzing a firm's decision-making process. This includes analyzing the opportunity costs involved, which is the cost of forgoing the next best alternative. Economists also consider both explicit and implicit costs, with explicit costs being the actual monetary costs of a decision and implicit costs being the opportunity costs that are not directly measurable. Therefore, the best answer is D, all of these are true.

Economists Consider