A firm's opportunity cost of using resources provided by the firm's owners is called:
a. sunk costs.
b. fixed costs.
c. explicit costs.
d. implicit costs.
e. entrepreneurial costs.
Question 2
Macroeconomics is a branch of economics that studies:
a. the different costs associated with production.
b. the price and output decisions made by different industries.
c. the overall performance of the economy.
d. the role of a market in determining an efficient outcome.
e. the role of input suppliers in determining the price and quantity of output.
Vertebral compression Fractures of the spine (vertebra) can cause severe ”band-like” pain that radia
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Typical Startup Cost Categories Cont.
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