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Author Question: Assume that a firm already owns a machine that has a total life of 20 years. The cost of using the ... (Read 113 times)


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Question 1

What has to be given up to produce a good or service is its
◦ opportunity cost.
◦ marginal cost.
◦ explicit cost.
◦ implicit cost.

Question 2

Assume that a firm already owns a machine that has a total life of 20 years. The cost of using the machine for one year to produce good A is
◦ the value of one year's output of good A.
◦ the scrap value of the machine at the end of its life.
◦ the maximum the machine could have earned for the firm in some alternative use during the year in question.
◦ a tenth of what the firm paid for the machine in the first place.

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Marked as best answer by cartlidgeashley on May 25, 2020


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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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