Multiple Choice
Economic cost
A) Includes both implicit and explicit costs.
B) Is the sum of actual monetary payments made for resources used to produce a good.
C) Includes only implicit costs.
Correct Answer:
Verified
Related Questions
Economic cost
A) Includes both implicit and explicit costs.
B) Is the sum of actual monetary payments made for resources used to produce a good.
C) Includes only implicit costs.
Correct Answer:
Verified
