Regarding costs, which of the following statements is true?
a. costs can be measured in different ways
b. costs appropriate for financial reporting purposes are appropriate for decision-making purposes
c. the relevant cost in economic decision making is the initial cost
d. sunk costs should always be considered in making operating decisions
e. none of these is true
a
Economics
You might also like to view...
Which of the following will happen if consumption in an economy falls?
A) Firms' revenue fall. B) Labor supply falls. C) Mortgage defaults fall. D) Asset prices rise.
Economics
Ball found that the disinflation of the early 1980s in the United States had a sacrifice ratio of about
A) 0. B) 1. C) 2. D) 3.
Economics