Author Question: Which of the following is part of a firm's opportunity costs? I. wages II. utility costs III. ... (Read 139 times)

AEWBW · **on:** Jun 29, 2018

Which of the following is part of a firm's opportunity costs? I. wages II. utility costs III. interest on a bank loan IV. interest forgone on funds used to buy capital equipment

A) I and II
B) III and IV
C) I, II and III
D) I, II, III and IV

Question 2

An example of a perfectly competitive firm is

A) an oat farmer in the United States.
B) the local cable TV company.
C) a U.S. automobile producer.
D) a big city newspaper.