Among the Opportunity Costs of a Firm Are All of the Following

question 51

Multiple Choice

Among the opportunity costs of a firm are all of the following EXCEPT

• A) economic profits.
• B) normal profits.
• C) the owner's forgone wage.
• D) the cost of resources bought in markets, such as labour.

---

Definitions:

Reference Source Documents

Original documents that provide evidence and details of business transactions, used for accounting and auditing purposes.

On-line Banking

The provision of banking services over the internet, allowing users to conduct financial transactions remotely.

Transaction Speed

The rate at which a financial transaction is processed from initiation to completion.

Convenience

The quality or state of being convenient, especially in terms of ease of access or use, often used in marketing to describe consumer products or services.