Which of the Following Are Two Components of the Opportunity

question 115

Multiple Choice

Which of the following are two components of the opportunity cost of using capital already owned by the firm?

• A) Economic profit and normal profit
• B) Economic depreciation and forgone interest
• C) Explicit rental rate and economic costs
• D) Implicit rental rate and economic profit

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Definitions:

Forearm

The part of the arm between the wrist and the elbow.

Elbow

The elbow is the joint that connects the upper arm to the forearm, allowing for the bending and straightening of the arm.

Wrist

The joint connecting the forearm to the hand, consisting of eight small bones and allowing for a wide range of movement.

Pectoral Girdle

The set of bones that anchors the upper limbs to the torso, consisting of the clavicles and scapulae.