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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #754060
Introduction to Economics 1 Deneme Sınavı Sorusu #754060
A firm buys five automobiles for operational purposes and uses them over a period of three years. At the end of this period, they realize that the market value of these cars have decreased. What is this decrease called?
Opportunity cost |
Explicit cost |
Economic depreciation |
Economic cost |
Interest forgone |
Yanıt Açıklaması:
Economic depreciation refers to a decrease in the market value of capital over a particular period. This decrease is the implicit cost of using the capital throughout that period. The correct answer is C.
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