Author Question: To an economist, total costs include A) explicit, but not implicit costs. B) implicit, but not ... (Read 108 times)

DelorasTo · **on:** Jul 1, 2018

To an economist, total costs include

A) explicit, but not implicit costs.
B) implicit, but not explicit costs.
C) explicit and implicit costs.
D) neither explicit nor implicit costs.

Question 2

If you invest 500 today, and the value one year from today is 1000, then the annual interest rate must be

A) 10.
B) 50.
C) 100.
D) 200.