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Author Question: Which of the following are two components of the opportunity cost of using capital already owned by ... (Read 67 times)

lbcchick

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on: Jun 29, 2018
Which of the following are two components of the opportunity cost of using capital already owned by the firm?
 
  A) economic profit and normal profit
  B) implicit rental rate and economic profit
  C) explicit rental rate and economic costs
  D) economic depreciation and forgone interest

Question 2

The rich should pay higher income tax rates than the poor is an example of a
 
  A) normative statement.
  B) positive statement.
  C) descriptive statement.
  D) theoretical statement.


xiazhe

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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