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 610 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?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Diagram of the life cycle of Plasmodium falciparum, the causative agent of malaria Diagram of the life cycle of Plasmodium falciparum, the causative agent of malaria
Checklist of Developmental Skills: Birth to 5 years Checklist of Developmental Skills: Birth to 5 years
Toddler: 1–3 years. Toddler: 1–3 years.
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Half-life explained Half-life explained
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library