Exam (elaborations)
Mark Farley ECON 202- EXAM 2 – mr QUESTIONS & ANSWERS 2023/2024
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Mark Farley ECON 202- EXAM 2 – mr QUESTIONS & ANSWERS 2023/2024 Which of the following costs is always paid in cash? - ANSWER-explicit cost Total revenue minus Explicit costs and Implicit Costs equals? - ANSWER-economic profit When total revenues equal total costs, a firm has reached i...
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