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Which of the following is part of a firm's opportunity cost of production? I. wages II. utility costs III. interest on a bank loan IV.
Which of the following is part of a firm's opportunity cost of production?
I. wages
II. utility costs
III. interest on a bank loan
IV. interest forgone on funds used to buy capital equipment
I. | wages |
II. | utility costs |
III. | interest on a bank loan |
IV. | interest forgone on funds used to buy capital equipment |
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