Multiple Choice
________ cost is defined as a cost of production that does not entail a direct money payment.
A) An explicit
B) An implicit
C) A total
D) A fixed
E) A marginal
Correct Answer:
Verified
Correct Answer:
Verified
Q39: When plotted against the total output, what
Q85: Cost curves shift if<br>i.technology changes.<br>ii.the prices of
Q86: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" The figure
Q88: From a firm's viewpoint,opportunity cost is the<br>A)
Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q91: Marginal cost<br>A) is the difference between total
Q92: The return to entrepreneurship is known as<br>A)
Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Anna owns a
Q94: Which of the following is FALSE?<br>A) Long-run
Q95: Once production has reached the maximum average