Generally, if you were to hire an accountant to assist you in an economic decision you were considering, the accountant would use only _____ costs in her analysis.
A)implicit opportunity
B)economic
C)explicit financial
D)variable

Question

Quizplus · Accepted Answer

An accountant would use explicit financial costs in her analysis, which are the actual costs that involve an outlay of money. Implicit opportunity costs (A) refer to the value of the next best alternative foregone, while economic costs (B) take into account both explicit and implicit costs. Variable costs (D) are a type of cost that varies with changes in the level of production or output.

Generally, If You Were to Hire an Accountant to Assist