All of the following would be considered explicit costs of operating a business except

Question

Quizplus · Accepted Answer

Rent, bonuses, and corporate income taxes are all examples of explicit costs, as they are actual out-of-pocket expenses incurred by the business. However, a normal rate of return for investors is considered an opportunity cost, as it represents the return that could have been earned by investing in a different venture. Opportunity costs are not explicit costs.

All of the Following Would Be Considered Explicit Costs of Operating