A firm's opportunity costs ________
A) equal the costs of resources it buys from others in the market
B) include the cost of using resources owned by the firm
C) increase when economies of scope exist
D) do not include any opportunity costs for resources the owner suppliers
B
Economics
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Mandy saved her allowance to buy a 12 pack of cream soda. When Mandy's brother saw the soda, he took four. Sodas were allocated between Mandy and her brother through
A) force. B) majority rule. C) first-come, first-served. D) sharing equally. E) personal characteristics.
Economics
The primary legislative branch of the European Union is called the
A) European Commission. B) European Parliament. C) European Council of Ministers. D) Council of the European Union.
Economics