Author Question: Opportunity cost usually a. cannot be measured b. applies to labor but not to capital c. is ... (Read 47 times)

Destiiny22 · **on:** Jun 30, 2018

Opportunity cost usually
a. cannot be measured
b. applies to labor but not to capital
c. is involved in calculating economic profit
d. is greater than the cash payment made to a resource
e. is less than the cash payment made to a resource

Question 2

The difference between a firm's total revenue and what must be paid to attract resources from their best alternative use is called
a. total revenue
b. utility
c. economic profit
d. cost
e. production efficiency