Author Question: You paid 145 for an iPod Nano. The cash you sacrificed is a(n) A) explicit cost. B) implicit ... (Read 146 times)

Zoey63294

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You paid 145 for an iPod Nano. The cash you sacrificed is a(n)
 
  A) explicit cost.
  B) implicit cost.
  C) deferred cost.
  D) accrued cost.

Question 2

Producer surplus is the amount a seller receives for a good or service.
 
  Indicate whether the statement is true or false



peilian

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Answer to Question 1

A

Answer to Question 2

FALSE



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peilian

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