Which of the following is equivalent to the costs that firms incur in acquiring economic resources?
A)revenues from the product
B)income of the resources
C)money flowing from the resources
D)profits from the resources employed

Question

Quizplus · Accepted Answer

The costs that firms incur in acquiring economic resources are equivalent to the income of those resources, as this represents the payment or expense associated with obtaining and using the resources in production or operations.

Which of the Following Is Equivalent to the Costs That