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ECONOMICS MCQ- JUNE 2004 P3 Q 8

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dasani0708

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8 An economist calculates that a firm has incurred the following costs over the course of a year.
$(000)
wages and salaries 150
opportunity cost of owner's time 40
materials 80
rent 30
marketing fees 20
interest on bank loans 25
interest forgone on finance
provided by owner
15
depreciation 20
What would an accountant calculate to be the total cost incurred by the firm?
A $275 000 B $305 000 C $325 000 D $340 000

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