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Author Question: A firm's opportunity costs of using resources provided by the firm's owners are called a. sunk ... (Read 176 times)

bobbie

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on: Jun 30, 2018
A firm's opportunity costs of using resources provided by the firm's owners are called
 a. sunk costs
  b. fixed costs
  c. explicit costs
  d. implicit costs
  e. entrepreneurial costs

Question 2

Cash payments for steel to be used in production would be an example of
 a. sunk costs
  b. fixed costs
  c. explicit costs
  d. implicit costs
  e. entrepreneurial costs


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Pamela.irrgang@yahoo.com

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


bobbie

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cassie_ragen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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