Multiple Choice
Among the opportunity costs of a firm are all of the following EXCEPT
A) economic profits.
B) normal profits.
C) the owner's forgone wage.
D) the cost of resources bought in markets, such as labour.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: The marginal product of labour is equal
Q47: In a diagram with the total cost
Q48: Total product is<br>A) the maximum output that
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q50: Diminishing marginal returns to labour occur because<br>A)
Q52: When the total product curve is drawn
Q53: The average total cost curve<br>A) increases eventually
Q54: Wanda takes $3,000 from her savings account
Q55: An electrician quits her current job, which
Q56: A firm's long- run average cost curve<br>A)