To Hire a Resource,a Firm Must Pay at Least the Resource's

question 52

Multiple Choice

To hire a resource,a firm must pay at least the resource's _____

• A)opportunity cost.
• B)explicit cost.
• C)implicit cost.
• D)fixed costs.
• E)marginal cost.

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Definitions:

Paradigms

Fundamental models or frameworks that define the concepts and practices within a scientific discipline or field of study.

Cognitive-behavioral Model

A therapeutic approach that focuses on changing unhelpful cognitive distortions and behaviors to improve mental health.

Basal Ganglia

A group of nuclei in the brain involved in the coordination of movement and aspects of learning and emotion.

Cortex

The outermost layer of the brain, involved in complex functions including memory, attention, perception, cognition, awareness, thought, language, and consciousness.