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    Managerial Economics in a Global Economy
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    Exam 8: Cost Theory and Estimation
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    The Value of the Inputs Owned and Used by the Firm
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The Value of the Inputs Owned and Used by the Firm

Question 64

Question 64

Multiple Choice

The value of the inputs owned and used by the firm in its own production activity is known as


A) explicit costs.
B) implicit costs.
C) Accounting costs.
D) all of the above.

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