Author Question: The main factor that explains the difference between accounting cost and economic cost is A) ... (Read 89 times)

soccerdreamer_17 · **on:** Jul 1, 2018

The main factor that explains the difference between accounting cost and economic cost is

A) opportunity cost.
B) fixed cost.
C) variable cost.
D) All of the above help to explain the difference.

Question 2

The price elasticity of supply when the supply curve is Q = 5 is

A) 5.
B) perfectly inelastic.
C) perfectly elastic.
D) Cannot be calculated from the information provided.