A firm's opportunity costs of using resources provided by the ...

[bobbie]

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

[Pamela.irrgang@yahoo.com]

Answer to Question 1

D

Answer to Question 2

C

[bobbie]

Excellent

[cassie_ragen]

TYSM