Multiple Choice
The opportunity cost of money that a firm's owner has invested in the firm is an example of
A) direct production costs.
B) explicit costs.
C) accounting costs.
D) sunk costs.
E) implicit costs.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: Suppose that a firm's capital is fixed
Q64: Which of the following statements is NOT
Q65: The following data show the total
Q66: Suppose a firm with the usual U-
Q67: The following data show the total
Q68: "An objective of firms is to maximize
Q70: It is assumed in standard economic theory
Q71: Consider a firm's short- run cost curves.Which
Q73: Consider a house- construction firm with fixed
Q78: The following data show the total output