The value of a business owner's time is an example of_________.
A: a fixed cost
B: an opportunity cost
C: total revenue
D: an explicit cost
A: a fixed cost
B: an opportunity cost
C: total revenue
D: an explicit cost
举一反三
- The value of a business owner's time is not an example of A: an opportunity cost. B: a fixed cost. C: an explicit cost. D: total revenue.
- Fixed Cost，Veriable Cost，Explicit Cost，Implicit Cost，Opportunity Cost，Sunk Cost，Economic Profit，Normal Profit，Average Cost，Margial Cost
- Economic profit is A: both b and c B: the difference between total revenue and the implicit costs of using owner-supplied resources. C: the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm. D: the difference between accounting profit and explicit costs. E: the difference between total revenue and the opportunity cost of all of the resources used in production.
- In the high-low method, the change in total cost is due to: A: a. fixed cost per unit B: b. mixed cost per unit C: c. total fixed cost D: d. variable cost per unit
- What is the total cost in this outcome (Firm A's total cost + Firm B's total cost)?What is the total cost in the efficient outcome (assuming that the price is $3 and four units are produced in total)?<br/>______