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

Author Question: Assume that a firm already owns a machine that has a total life of 20 years. The cost of using the ... (Read 688 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: May 25, 2020

Question 1

What has to be given up to produce a good or service is its
◦ opportunity cost.
◦ marginal cost.
◦ explicit cost.
◦ implicit cost.

Question 2

Assume that a firm already owns a machine that has a total life of 20 years. The cost of using the machine for one year to produce good A is
◦ the value of one year's output of good A.
◦ the scrap value of the machine at the end of its life.
◦ the maximum the machine could have earned for the firm in some alternative use during the year in question.
◦ a tenth of what the firm paid for the machine in the first place.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cartlidgeashley on May 25, 2020

vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: May 25, 2020
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.
Answer Preview
Only 25% of students answer this correctly


Adriana Maria Giurca

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Dec 4, 2021
Thank you


« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

The Many Faces of Life (Part 1) The Many Faces of Life (Part 1)
Hepatitis B Life Cycle Hepatitis B Life Cycle
The Last 10,000 Years of Greenhouse Gas Concentrations The Last 10,000 Years of Greenhouse Gas Concentrations
Macromolecules and the building blocks of life Macromolecules and the building blocks of life
Carbon-11 is used in medical imaging. The half-life of this radioisotope is 20.4 min. What ... Carbon-11 is used in medical imaging. The half-life of this radioisotope is 20.4 min. What ...
Tracing numbers and alphabets by nat 3 years old Tracing numbers and alphabets by nat 3 years old
Video: Ear Animation

For a complete list of videos, visit our video library