Multiple Choice
Table 8.1
-Refer to Table 8.1.Suppose Mr.B withdrew $50,000 from his account that earned 10% to invest into this business.He quit his full-time job that paid $40,000 to manage this business.Mr.B's implicit cost equals
A) $100,000.
B) $90,000.
C) $50,000.
D) $45,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 8.2
Q56: At Carolina's Bakery,the marginal products of the
Q57: Sarah has a savings account with a
Q58: Total economic costs include<br>A) a normal rate
Q59: Economic costs include only the implicit costs
Q61: All of the following are possible reasons
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure
Q63: A firm's long run marginal cost is<br>A)
Q64: Raphael's Salon has $5,000 in fixed costs
Q65: Suppose that a donut shop has $1,500