Final Exam - PiratePanel
A) accounting profit. B) normal profit. C) explicit profit. D) actual profit. 46) A firm uses labor and capital. To tell if the firm is technologically efficient, you . A) do not need to know the cost of labor or the cost of capital. B) need to know the cost of capital but not the cost of labor. C) need to know the cost of labor and the cost of ... ................
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