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Author Question: Opportunity cost usually a. cannot be measured b. applies to labor but not to capital c. is ... (Read 48 times)

Destiiny22

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  • Posts: 557
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


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Sarahjh

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

C

Answer to Question 2

C


Destiiny22

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Excellent

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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