Paola is thinking of opening her own business. For each of the production inputs listed below, indicate

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Paola is thinking of opening her own business. For each of the production inputs listed below, indicate whether the input incurs an implicit cost, explicit cost, or no cost.
a. Borrowed capital.
b. Investment from savings.
c. Donated supplies.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Sep 21, 2024 06:02 AM

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Paola is thinking of opening her own business. For each of the production inputs listed below, indicate

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To conclude Ican say that explicit costs require a firm to spend money Implicit costs donot require a firm to spend money or take on obligations a Explicit cost ...View the full answer

Microeconomics

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