An important and often ignored opportunity cost is the:
a. cost of accounting services
b. cost of missed market opportunities when funds are invested in a firm.
c. cost of interest paid to bondholders by the firm.
d. cost of utilities used by the firm.
b
Economics
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"Water is very inexpensive. Thus the marginal and total utility of water is small." Analyze the previous statements
What will be an ideal response?
Economics
In the simple circular flow model containing just households and business firms, the entire product flows to ________ in exchange for ________
A) business firms, labor services B) business firms, wages C) households, consumer expenditures D) households, labor services
Economics