Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. Opportunity cost is Select one: a. zero when a market is in equilibrium b. measured in terms of what has been foregone ca financial

image text in transcribed
13. Opportunity cost is Select one: a. zero when a market is in equilibrium b. measured in terms of what has been foregone ca financial expense d. the best way to allocate resources 6. Which of the following statements about factors of production is false? f Select one: a. The factor of production termed capital means the money which the owners of firms need in order to set their firms up b. The term factors of production is another term for resources c. The factor or production termed land means natural resources. d. The factor of production termed labour means human resources FI

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

BMW Brand Audit

Authors: Marion Maguire

1st Edition

3638653137, 978-3638653138

More Books

Students also viewed these Accounting questions