Which of the following is an example of an implicit cost a firm might incur?

A) the opportunity cost to investors of the funds invested in the firm
B) the wages paid to employees
C) utility payments
D) the payment for medical insurance coverage

A

Economics

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The part of consumption that is determined by income is referred to as autonomous consumption

a. True b. False

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Refer to the given diagram. The marginal propensity to save is:



A.  CD/EF.
B.  CB/CF.
C.  CB/AF.
D.  EF/CB.

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Economics