Economic depreciation is the
A) firm's opportunity cost of using its own capital.
B) change in the market value of capital over a given period.
C) return that an entrepreneur can expect to receive on average.
D) forgone return on the funds used to buy capital.
B
Economics
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Refer to Figure 18.1. The opportunity cost of bicycles in the United States is
A) 1/3 of a hang glider. B) 1/2 of a hang glider. C) 3 hang gliders. D) 4 hang gliders.
Economics
The Dow Jones Industrial Average is an arithmetic average of ________ blue-chip industrial stocks.
A. 500 B. 75 C. 30 D. 50
Economics