Consider a small hair styling salon. List some examples of implicit costs of this business
the lost earnings of the owner who could work at a different occupation, the forgone interest on any monies invested in the business
Economics
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Contractionary fiscal policy
What will be an ideal response?
Economics
Refer to the scenario above. If the equilibrium price charged by the firm in the short run is $170, the firm will earn ________
A) a profit of $10 per unit B) a profit of $25 per unit C) a profit of $0 per unit D) a profit of $30 per unit
Economics