Costs that require a firm to spend money are:
A)fixed costs.
B)variable costs.
C)explicit costs.
D)implicit costs.

Name: Costs that require a firm to spend money are: A)fixed costs. B)variable costs. C)explicit costs. D)implicit costs.
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Question

Quizplus · Accepted Answer

Explicit costs are the costs that require a firm to spend money, as they involve direct payment to others in the course of running a business, such as wages, rent, and materials.

Costs That Require a Firm to Spend Money Are