What are economic costs? Group of answer choices Any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. All costs exclusive of payments to fixed factors of production. A payment that must be made to obtain and retain the services of a resource. Any contractual obligation to labor or material suppliers.
What are economic costs? Group of answer choices Any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. All costs exclusive of payments to fixed factors of production. A payment that must be made to obtain and retain the services of a resource. Any contractual obligation to labor or material suppliers.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section: Chapter Questions
Problem 4AA
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Question
What are economic costs?
Group of answer choices
Any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers.
All costs exclusive of payments to fixed factors of production.
A payment that must be made to obtain and retain the services of a resource.
Any contractual obligation to labor or material suppliers.
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