« previous next »

Author Question: A firm's opportunity cost of using resources provided by the firm's owners is called: a. sunk ... (Read 173 times)

fbq8i

  • Hero Member
  • *****
  • Posts: 527
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

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« 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?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Dish from Ecuador called "Cuy" Dish from Ecuador called "Cuy"
Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
Socrates (470–399 B.C.E.) was an Ancient Greek philosopher often called the "father of ... Socrates (470–399 B.C.E.) was an Ancient Greek philosopher often called the "father of ...
Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus Corbel Vault, Interior of Tholos, The So-called Treasury of Atreus
Firm handshake Firm handshake
Resources from Rocks and Minerals Resources from Rocks and Minerals
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library