Multiple Choice
A firm's opportunity costs _______.
A) increase when economies of scope exist
B) include the cost of using resources owned by the firm
C) equal the cost of resources it buys from others in the market
D) do not include any opportunity costs for resources the owner suppliers
Correct Answer:
Verified
Correct Answer:
Verified
Q33: When long- run average cost decreases as
Q34: Increasing marginal returns to labour might occur
Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q36: The above table shows the total product
Q37: A normal profit for a self- employed
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure
Q40: As output increases, marginal cost will eventually<br>A)
Q41: A firm's average total cost is $60,
Q42: Which of the following statements is true?<br>A)
Q43: The marginal product of labour is the<br>A)