The amount you pay for apps to download to your cell phone is an example of a(n) ________ cost.
A) implicit
B) opportunity
C) explicit
D) network
Correct Answer:
Verified
Q21: Your opportunity cost of attending a lecture
Q22: Explicit costs are
A) costs that are measured
Q23: Implicit costs are
A) costs that are measured
Q24: While falling prey to the seductive ways
Q25: You paid $145 for an iPod Nano.
Q27: You decide to spend Thanksgiving with your
Q28: You spend $20 on a lottery ticket
Q29: Governments,
A) like individuals, face opportunity costs.
B) unlike
Q30: The collection of laws, regulatory measures, and
Q31: The money the North Korean government spent
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