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Not yet answered Marked out of 1 p Flag question What do wages paid to factory workers, interest paid on a bank loan, forgone interest,
Not yet answered Marked out of 1 p Flag question What do wages paid to factory workers, interest paid on a bank loan, forgone interest, and the purchase of component parts have in common? Select one: O a. None are either implicit or explicit costs. O b. All are opportunity costs. O c. All are implicit costs. O d. All are explicit costs.The long run is a period of time, or a time frame, in which Select one: O a. all resources are fixed in quantity. O b. the level of output is variable. O c. the amount of all resources can be varied. O d. the capacity of the production plant is fixed.According to the law of diminishing marginal returns, Select one: Cl a. output will fall and then rise as additional units of input are employed. C l::-. employing additional inputs will diminish total output. 33 c. the additional output generated by additional units of an input will diminish. C3 d. the additional inputs necessary to produce an additional unit of output will diminish
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