LOS a: Explain the types of opportunity cost and their relation to economic profit, and calculate economic profit 1.Which of the following is an example of an implicit cost? A) The opportunity cost of a firm's equity capital. B) Labor salaries. C) Rent. D) Treating the firm's customers to a round of golf. Click for Answer and Explanation A) Implicit costs include the opportunity cost of a firm's equity. Explicit costs are measurable cash flows for operating expenses.
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发表于 2008-1-21 17:52
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