Author Question: A firm's opportunity cost of using resources provided by the firm's owners is called: a. sunk ... (Read 197 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
A firm's opportunity cost of using resources provided by the firm's owners is called:
 a. sunk costs.
  b. fixed costs.
  c. explicit costs.
  d. implicit costs.
  e. entrepreneurial costs.

Question 2

Macroeconomics is a branch of economics that studies:
 a. the different costs associated with production.
 b. the price and output decisions made by different industries.
 c. the overall performance of the economy.
 d. the role of a market in determining an efficient outcome.
 e. the role of input suppliers in determining the price and quantity of output.



Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

For a complete list of videos, visit our video library