The sum of the explicit and implicit costs incurred in the production process is called
a. fixed cost.
b. sunk cost.
c. marginal cost.
d. total cost.
D
Economics
You might also like to view...
Someone who does not have a job but is not counted as unemployed, such as a retiree, is:
A. not in the civilian labor force. B. considered employed. C. still, nonetheless, part of the civilian labor force. D. not counted in the civilian adult population.
Economics
Low-income countries are largely responsible for excess carbon dioxide emissions globally
Indicate whether the statement is true or false
Economics