Multiple Choice
To an individual firm,its costs represent
A) gross income to the firm resulting from its ownership of the means of production.
B) profits that accrue to those internally supplied inputs.
C) the payments to owners of resources needed to bid these resources from alternative uses.
D) the value of the assets used in the production process.
E) the monetary sum of the variety of alternatives open to its resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The following question are based on the
Q8: In the previous question,if marginal cost for
Q9: The additional satisfaction received from consuming an
Q10: The law of diminishing marginal utility implies
Q11: The following question are based on the
Q13: The following question are based on the
Q14: The fact that a single large factory
Q15: The following schedule shows the utility Mr.
Q16: The experience of 1971 price ceilings on
Q17: The following question are based on the