The economic costs of production

0 votes
    includes the explicit cost of inputs plus the opportunity cost of the highest valued income or investment opportunities that are foregone.
     includes the cost of fixed and variable production inputs.
     includes the explicit cost of inputs plus the sunk costs of assets for which there are no alternative uses.
     excludes the explicit cost of inputs but includes the opportunity costs of the highest valued income or investment opportunities that are foregone.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
includes the explicit cost of inputs plus the opportunity cost of the highest valued income or investment opportunities that are foregone.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



...