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Author Question: Economic costs (Read 48 times)

CQXA

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on: Apr 19, 2019

Question 1

Economic costs


◦ include both a normal rate of return on investment and the opportunity cost of each factor of production.
◦ are equal to the direct costs of hiring all factors of production.
◦ are the opportunity cost of each factor of production minus any interest charges paid on borrowed funds.
◦ are equal to total revenue minus accounting profit.

Question 2

Economic costs


◦ include both a normal rate of return on investment and the opportunity cost of each factor of production.
◦ are equal to the direct costs of hiring all factors of production.
◦ are the opportunity cost of each factor of production minus any interest charges paid on borrowed funds.
◦ are equal to total revenue minus accounting profit.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by CQXA on Apr 19, 2019

Zebsrer

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CQXA

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Reply #2 on: Apr 19, 2019
Thank you!


Zebsrer

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Reply #3 on: Apr 19, 2019
Always glad to help...


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