Businesses That Fail to Account for Implicit Costs,like the Strawberry

question 38

Multiple Choice

Businesses that fail to account for implicit costs,like the strawberry farmer,Hiroshi Fujishige,who failed to consider the enormous opportunity of selling his property to Disneyland,will

• A)Go out of business immediately.
• B)Make higher-than-normal profits.
• C)Make more money when they shut down.
• D)Have to increase revenues in order to stay in business.

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Definitions:

Stocks And Bonds

Financial instruments, with stocks representing ownership in a company and bonds being loans made to a corporation or government.

Tangible

Refers to physical objects or assets that can be seen, touched, and quantified, as opposed to intangible items like rights or patents.

Movable

Personal property or assets that can be physically relocated from one place to another, as opposed to immovable property like land or buildings.

Article 2

Typically refers to a specific section within a larger legal document or statute, often cited in discussions of commercial transactions or contracts.