Costs
0.0(0)
Studied by 0 people0.0(0)
Call with Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/3
There's no tags or description
Looks like no tags are added yet.
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No study sessions yet.
4 Terms
1
New cards
What is the economics cost?
The opportunity cost of production
2
New cards
What does is the opportunity cost of production?
The value that could have been generated had the resources been employed in their best next use
3
New cards
Imputed cost
An economic cost which a firm does not pay
4
New cards
-
-
Note 
Flashcards (90)