An example of an explicit cost of production is:
a. the cost of foregone labor earnings for an entrepreneur
b. the cost of flour for a baker.
c. the foregone rent that could have been earned if land owned by a firm was not used as its parking lot.
d. provided by none of the above.
b
Economics
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A depreciation of the dollar causes
A) a decrease in U.S. exports. B) an increase in U.S. imports. C) an increase in the prices of U.S. imports. D) an increase in the prices of U.S. exports.
Economics
If the interest rate were 10 percent, how much would people be willing to pay for a stock that was certain to yield a $2 per share stream of net earnings continuously in the future?
a. $2 b. $10 c. $20 d. $100
Economics