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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