contestada

Economic cost can best be defined as_____________.

a. any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers.
b. those payments for resources that involve an obvious cash transaction.
c. the income the firm must provide to resource suppliers to attract resources from alternative uses.
d. the opportunity cost of using a resource already owned by the firm.

Respuesta :

Answer:

The correct answer is letter "C": the income the firm must provide to resource suppliers to attract resources from alternative uses.

Explanation:

Economic costs represent payments to suppliers a firm makes to obtain and keep the services of a given resource. Besides, economic costs consider the benefits and costs of selecting one choice over another. Then, economic costs analyze the opportunity cost of choosing one resource for production compared to others.

Otras preguntas