s. If you drop a course after the refund date, the nonrefundable tuition that yo

Question

s. If you drop a course after the refund date, the nonrefundable tuition that you have paid is: a fixed cost. O a sunk cost. O a marginal cost. O a variable cost. 5. According to economists, sales maximization is the primary goal of firms. ?True ? False 6. The difference between economic profit and accounting profit is due to the economists' inclusion of opportunity costs of capital. O False 7. A worker's marginal product is the increase in total profits that results from the worker being hired. D True False

Explanation / Answer

4. If you drop the course after the refund date, the non refundable tuition fees that you have paid is sunk cost.

5. False. Profit maximization is the primary goal of firms not the sales maximization.

6. True: the difference between economic profit and accoutiacc profit is because of the inclusion of opportunity cost of capital.

7. False: A worker marginal product is the change in the total product due to change in number of worker hired.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.