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To Hire an Input, a Business Owner Must Pay a Price

Question 40

Multiple Choice

To hire an input, a business owner must pay a price that


A) covers the transportation cost of the input owner.
B) reflects the business owner's lowest-cost alternative activity.
C) matches the best opportunity cost of the input owner.
D) gives the input owner enough money to buy the assets of the business.
E) reflects the business owner's best alternative activity.

Correct Answer:

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