Single-owner proprietorships often unintentionally exaggerate their profits because they
A) forget their explicit losses.
B) look at after-tax instead of pre-tax costs.
C) pay their bills late and therefore incur large interest charges.
D) neglect to consider the opportunity cost of the owner's labor.
Answer: D
Economics
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Refer to Table 5.1. Hector should specialize in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
Economics
Which of the following statements is correct? With respect to efficiency wage models,
a. their key element is an explanation of why the efficiency (or productivity) of workers depends on the real wage. b. the rationale underlying those models implies that firms will set the real wage above the market clearing level. c. they explain a real wage rigidity. d. all of the above
Economics