Author Question: A firm's opportunity costs of using resources provided by the firm's owners are called a. sunk ... (Read 87 times)

bobbie · **on:** Jun 30, 2018

A firm's opportunity costs of using resources provided by the firm's owners are called
a. sunk costs
b. fixed costs
c. explicit costs
d. implicit costs
e. entrepreneurial costs

Question 2

Cash payments for steel to be used in production would be an example of
a. sunk costs
b. fixed costs
c. explicit costs
d. implicit costs
e. entrepreneurial costs