a. Opportunity costs equal explicit minus implicit costs.
b. Economists consider opportunity costs to be included in a firm's total revenues.
c. Economists consider opportunity costs to be included in a firm's costs of production.
d. All of the above are correct.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statements is correct? a. Opportunity costs equal explicit minus implicit costs. b. Economists consider opportunity ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » Which of the following statements is correct? a. Opportunity costs equal explicit minus implicit costs. b. Economists consider opportunity costs to be included in a firm's total revenues. c.