The opportunity cost of capital is an implicit cost almost every business incurs
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the rate of interest is fixed, the MFC of capital is equal to the interest rate
Indicate whether the statement is true or false
Economics
When the current price of a good is below the equilibrium price:
A. there will be excess supply. B. buyers have an incentive to offer to pay sellers more than the current price. C. the price will tend to stay below the equilibrium price. D. sellers will notice their inventories are growing.
Economics