Which of the Following Costs Are Part of a Firm's

question 24

Multiple Choice

Which of the following costs are part of a firm's opportunity costs? I. costs for resources bought in markets
II) costs for resources the firm owns
III) costs for resources supplied by the owner

• A) I and II
• B) I and III
• C) I only
• D) I, II, and III

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Definitions:

Tap and Hold

An interaction technique on touchscreens involving pressing and holding down on the screen surface for a certain duration to initiate an action.

Compressing

Compressing refers to the process of reducing the size of digital data by using algorithms to remove redundancies, making files easier to store or transmit over networks.

File

An electronic container holding data or computer code that serves as a basic unit of storage.

Folder

In Windows-based operating systems, an electronic container that holds files as well as other folders. It is also called a directory.