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Author Question: An example of an explicit cost of production is: a. the cost of foregone labor earnings for an ... (Read 38 times)

jc611

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on: Jun 30, 2018
An example of an explicit cost of production is:
 a. the cost of foregone labor earnings for an entrepreneur.
 b. the cost of flour for a baker.
 c. the foregone rent that could have been earned if land owned by a firm was not used as its parking lot.
  d. provided by none of the above.

Question 2

An example of human capital is the purchase of a computer to help accountants.
 a. True
  b. False
  Indicate whether the statement is true or false


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dreamfighter72

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


jc611

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
Excellent

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