A firm's profit is A) usually negative when opportunity costs ...

[itsmyluck]

A firm's profit is
 
  A) usually negative when opportunity costs are included.
  B) the difference between marginal revenue and marginal cost.
  C) the opportunity cost of the firm's shareholders.
  D) the difference between revenue and cost.

Question 2

In the reality TV show Storage Wars, people bid on the contents of repossessed storage units without being able to evaluate the contents. This is an example of a ________ auction.
 
  A) common value
  B) private value
  C) Dutch
  D) second-price

[ultraflyy23]

Answer to Question 1

D

Answer to Question 2

A