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Author Question: A firm's opportunity cost of using resources provided by the firm's owners is called: a. sunk ... (Read 198 times)

fbq8i

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

Question 2

Macroeconomics is a branch of economics that studies:
 a. the different costs associated with production.
 b. the price and output decisions made by different industries.
 c. the overall performance of the economy.
 d. the role of a market in determining an efficient outcome.
 e. the role of input suppliers in determining the price and quantity of output.


Melissahxx

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

d

Answer to Question 2

c


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