A Firm's Opportunity Cost Includes

question 65

Multiple Choice

A firm's opportunity cost includes

• A)the cost of using resources bought in the market and owned by the firm only.
• B)the cost of using resources bought in the market,owned by the firm,and supplied by the firm's owner.
• C)only costs that are paid in cash or by cheque.
• D)the cost of using resources supplied by the firm's owner only.
• E)economic profit.

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Definitions:

Civil Rights Bill

Legislation aimed at protecting the civil rights of individuals, often focusing on preventing discrimination based on race, religion, sex, or national origin.

1866

A year notable for events such as the end of the American Civil War and the beginning of the Reconstruction era in the United States.

Equality Before Law

The principle that each individual is subject to the same laws, with no individual or group having special legal privileges.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, that grants citizenship to all persons born or naturalized in the United States, including former slaves, and provides all citizens with equal protection under the laws.