menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 10
  4. Exam
    Exam 13: The Costs of Production
  5. Question
    The Things That Must Be Forgone to Acquire a Good
Solved

The Things That Must Be Forgone to Acquire a Good

Question 560

Question 560

Multiple Choice

The things that must be forgone to acquire a good are called


A) implicit costs.
B) opportunity costs.
C) explicit costs.
D) accounting costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q155: Firms may experience diseconomies of scale when<br>A)they

Q165: Jane was a partner at a law

Q211: Average total cost is very high when

Q555: In the long run a company that

Q556: If marginal cost is equal to average

Q558: Pete owns a shoe-shine business. His accountant

Q562: Figure 13-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 13-3

Q563: Table 13-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 13-11

Q564: Table 13-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Table 13-5

Q565: Figure 13-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 13-3

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines