IT the toturé must be an inferior good 1 12 13 14 15 O E) consumption in the fut

Question

IT the toturé must be an inferior good 1 12 13 14 15 O E) consumption in the future must be a normal good 6 17 18 19 20 Save egend Question 13 (1 point) Saved Response Unsaved Response 13) The choices listed below involve costs to the firm. For which is the implicit cost potentially diferent than its explicit cost? a Info Item A) The interest paid on borrowed money B) The purchase of raw materials used in production O C) The services of hired workers D) The use of firmowred assets E) The use of rented land Save Question 14 (1 point) Quiz Status The following data show the total output for a fim when specified amounts of labour ave combined with a foxed oosour r cacotal oswi the questions you are to assume that the wage per unit of labour is $25 and he Question 12 Saved cost of the capital is $100 e n @ Quiz #2-ECON 11.

Explanation / Answer

Option D

Rest all others are monetary cost borne by the firm. Using own assets involve opportunity cost and so is implicit.

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