This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's opportunity costs of using resources provided by the firm's owners are called a. sunk ... (Read 190 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Phobos transits the Sun, as seen by Mars Rover Opportunity on March 10, 2004 Phobos transits the Sun, as seen by Mars Rover Opportunity on March 10, 2004
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Surface Water Resources Surface Water Resources
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 ...
Economic Costs of CVD Economic Costs of CVD
Detonation is a secondary ignition of the air–fuel mixture. It is also called spark knock or ... Detonation is a secondary ignition of the air–fuel mixture. It is also called spark knock or ...
Video: Supine Position

For a complete list of videos, visit our video library