« previous next »

Author Question: A firm's opportunity cost of using resources provided by the firm's owners is called: a. sunk ... (Read 150 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
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.


Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort
Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called
Rubella rash in a young child. Rubella is also called 3-day measles or German measles. Rubella rash in a young child. Rubella is also called 3-day measles or German measles.
Cystic fibrosis is caused by a mutation in a protein called CFTR Cystic fibrosis is caused by a mutation in a protein called CFTR
Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin Alternative splicing of pre-mRNA for a muscle protein called α-tropomyosin
Video: Epidural Hematoma

For a complete list of videos, visit our video library