Money that a firm spends on health care for employees is a(n) _____ cost.
A) explicit
B) implicit
C) opportunity
D) surplus
Correct Answer:
Verified
Q34: Money that is a real cost to
Q35: Explicit costs are called _ costs, and
Q36: Economists calculate profits as total revenue minus
A)
Q37: Which is NOT considered an explicit cost?
A)
Q38: A normal rate of return on capital
A)
Q40: The cost incurred by a firm through
Q41: All of these are examples of implicit
Q42: Which is NOT an explicit cost?
A) lease
Q43: Atomic Café has just opened a new,
Q44: Costs that cannot be recovered are _
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