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Author Question: A firm pays $50,000 for a machine that is used in production for one year, after which it is sold ... (Read 117 times)

asan beg

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A firm pays $50,000 for a machine that is used in production for one year, after which it is sold for $40,000 to another firm. The $10,000 difference is
◦ an explicit cost of production.
◦ economic depreciation, an implicit cost of production.
◦ normal profit.
◦ not counted as an economic cost of production.
◦ not an opportunity cost because it is not actually paid.


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Marked as best answer by asan beg on May 24, 2019

ttt030911

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