Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay
a. deadweight loss
b. opportunity cost
c. externality
d. social cost
A
Economics
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Suppose the production function for T-shirts can be represented as q = L0.25 K0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is needed
What will be an ideal response?
Economics
The absolute price of a good is its
A) relative price. B) money price. C) subjective price. D) projected price.
Economics