This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that a firm already owns a machine that has a total life of 20 years. The cost of using the ... (Read 673 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: May 25, 2020

Question 1

What has to be given up to produce a good or service is its
◦ opportunity cost.
◦ marginal cost.
◦ explicit cost.
◦ implicit cost.

Question 2

Assume that a firm already owns a machine that has a total life of 20 years. The cost of using the machine for one year to produce good A is
◦ the value of one year's output of good A.
◦ the scrap value of the machine at the end of its life.
◦ the maximum the machine could have earned for the firm in some alternative use during the year in question.
◦ a tenth of what the firm paid for the machine in the first place.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cartlidgeashley on May 25, 2020

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Adriana Maria Giurca

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Dec 4, 2021
Thank you


« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

The deep-sea vent hypothesis for the origin of life The deep-sea vent hypothesis for the origin of life
Laminaria Life Cycle Laminaria Life Cycle
A Wave Machine Generating Electricity off the Coast of Portugal A Wave Machine Generating Electricity off the Coast of Portugal
Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ... Poverty rates have declined in the last 50 years, and the biggest decline has been for people 65 and ...
Life Expectancy in Global Perspective Life Expectancy in Global Perspective
Life cycle of bacteriophage T4 Life cycle of bacteriophage T4
Video: Pressure Flow Model Animation

For a complete list of videos, visit our video library