Author Question: If a firm uses factor inputs that are personally owned by the firm's owner, then economists refer to ... (Read 74 times)

redpassion · **on:** Oct 12, 2022

Question 1

The opportunity cost of a firm owner's own money that he or she has invested in the firm is an example of
◦ explicit costs.
◦ accounting costs.
◦ sunk costs.
◦ direct production costs.
◦ implicit costs.

Question 2

If a firm uses factor inputs that are personally owned by the firm's owner, then economists refer to the opportunity cost of these inputs as
◦ sunk costs.
◦ inverted costs.
◦ accounting costs.
◦ direct production costs.
◦ implicit costs.

hillard sane · **Reply #1 on:** Oct 12, 2022

A FREE account is required to view all solutions!

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 56% of students answer this correctly