Which of the following is an example of an explicit cost?
A) Wages paid to workers.
B) Payments for raw materials.
C) Equipment and maintenance expenses.
D) All of the above are explicit costs.
Correct Answer:
Verified
Q73: Q74: Q75: Q76: Payments a business makes to acquire factors Q77: Explicit costs are: Q79: Which of the following is NOT an Q80: The costs of a business owner's factors Q81: Implicit costs are: Q82: To continue a business, the owner must Q83: Which of the following is an implicit Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) fixed costs.
B) variable costs.
C)
A) fixed costs.
B) variable costs.
C)
