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Author Question: A firm's profit is A) usually negative when opportunity costs are included. B) the difference ... (Read 103 times)

itsmyluck

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  • Posts: 546
on: Jul 1, 2018
A firm's profit is
 
  A) usually negative when opportunity costs are included.
  B) the difference between marginal revenue and marginal cost.
  C) the opportunity cost of the firm's shareholders.
  D) the difference between revenue and cost.

Question 2

In the reality TV show Storage Wars, people bid on the contents of repossessed storage units without being able to evaluate the contents. This is an example of a ________ auction.
 
  A) common value
  B) private value
  C) Dutch
  D) second-price


ultraflyy23

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


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