Which of the following are implicit costs for a typical firm?

Name: Which of the following are implicit costs for a typical firm?
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Implicit costs refer to the opportunity costs of using resources owned by the firm, such as capital. Insurance and electricity costs are explicit costs, while the cost of labor hired by the firm can be either an implicit or explicit cost depending on whether it is a fixed cost or variable cost.

Which of the Following Are Implicit Costs for a Typical