Multiple Choice
If you were in the donut-making business, which of the following would most likely not be an explicit cost?
A) salaries
B) sales taxes
C) utilities, such as gas and electricity
D) insurance
E) the time you put into running the business
Correct Answer:

Verified
Correct Answer:
Verified
Q106: The "Bubbles, Bubbles"soap bubble firm's price and
Q107: For the past three years, you have
Q108: Ed Van Zaig is considering opening a
Q109: Economic profit is the same as normal
Q110: As new firms enter a monopolistically competitive
Q112: Picture the graph. When new firms enter
Q113: Economic profit is measured by<br>A) MR =
Q114: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -The maximum profit
Q115: Which statement is not consistent with Joseph
Q116: If marginal revenue exceeds marginal cost, the