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Author Question: Which of the following is part of a firm's opportunity costs? I. wages II. utility costs III. ... (Read 113 times)

AEWBW

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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.


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CAPTAINAMERICA

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


AEWBW

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Reply 2 on: Jun 29, 2018
Excellent

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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