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Author Question: When an economist uses the term "cost" referring to a firm, the economist refers to the (Read 65 times)

joesmith1212

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on: May 24, 2019
When an economist uses the term "cost" referring to a firm, the economist refers to the
◦ price of the good to the consumer.
◦ explicit cost of producing a good or service but not the implicit cost of producing a good or service.
◦ implicit cost of producing a good or service but not the explicit cost of producing a good or service.
◦ opportunity cost of producing a good or service, which includes both implicit and explicit cost.
◦ cost that can be actually verified and measured.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by joesmith1212 on May 24, 2019

yasmin

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joesmith1212

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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