Juanita has just started a business and is using her personal car to deliver goods. The use of her car is an example of
A. financial capital.
B. an explicit cost to the business.
C. interest.
D. an implicit cost to the business.
Answer: D
Economics
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Refer to the graph shown. A complete business cycle is represented by:
a. A to G.
b. O to C.
c. A to F.
d. C to F.
Economics
The greater the product differentiation between monopolistically competitive firms
A) the lower the barriers to entry. B) the greater the price elasticity of demand. C) the higher the average variable costs. D) the lower the price elasticity of demand.
Economics