To an economist, total costs include A) explicit, but not ...

[DelorasTo]

To an economist, total costs include
 
  A) explicit, but not implicit costs.
  B) implicit, but not explicit costs.
  C) explicit and implicit costs.
  D) neither explicit nor implicit costs.

Question 2

If you invest 500 today, and the value one year from today is 1000, then the annual interest rate must be
 
  A) 10.
  B) 50.
  C) 100.
  D) 200.

[kishoreddi]

Answer to Question 1

C

Answer to Question 2

C

[DelorasTo]

TYSM

[Joy Chen]

Thanks for the timely response, appreciate it