The interest on a business loan is an implicit cost.
Answer the following statement true (T) or false (F)
False
Economics
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An industry consists of four firms with annual sales of $3,000, $5,000, $4,000, and $6,000. What is the industry's HHI?
A. 10,000. B. 1,659. C. 2,654. D. There is not sufficient information to compute the industry HHI.
Economics
Which is an illustration of a microeconomic question?
a. What is the current national rate of unemployment? b. Is the production of goods and services in the economy greater this year than last year? c. Is the economy experiencing a decline in the rate of inflation? d. Will a new type of television set increase the number of buyers?
Economics