Accountants use only _____ costs in their computations of short-run total cost.
A)opportunity
B)implicit
C)explicit
D)variable

Question

Quizplus · Accepted Answer

Accountants use only explicit costs in their computations of short-run total cost. Explicit costs are the direct, out-of-pocket expenses incurred by a firm in order to produce a good or service. They are easily quantifiable and can be traced directly to the production process.

Accountants Use Only _____ Costs in Their Computations of Short-Run