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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 26
You decide to spend spring break digging wells in developing countries and forgo the chance to spend a week on the beach with your friends in Panama City. Losing the chance to be with your friends is the _________ cost of digging wells.
A) Explicit
B) Implicit
C) Deferred
D) Inherent
A) Explicit
B) Implicit
C) Deferred
D) Inherent
Explanation
Verified
Verified
Implicit cost refers to the cost of givi...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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