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    Business
  3. Study Set
    ECON MICRO
  4. Exam
    Exam 7: Production and Cost in the Firm
  5. Question
    To Hire a Resource,a Firm Must Pay at Least the Resource's
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To Hire a Resource,a Firm Must Pay at Least the Resource's

Question 52

Question 52

Multiple Choice

To hire a resource,a firm must pay at least the resource's _____


A) opportunity cost.
B) explicit cost.
C) implicit cost.
D) fixed costs.
E) marginal cost.

Correct Answer:

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