Which of the following is an example of an implicit cost?
A) wages paid to employees
B) interest paid to a bank on a building loan
C) the cost of using capital an owner donates to the business
D) dollars paid to a supplier for materials used in production
E) liability insurance payments made only once a year
Correct Answer:
Verified
Q45: The short run is the time frame
A)
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Q48: The long run is defined as
A) any
Q49: Suppose that a firm earned $500,000 in
Q51: Which of the following is a list
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Q54: The difference between a firm's total revenue
Q55: In the long run,the firm _ change
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