Implicit costs are
A) the costs of using factors that a producer hires or rents.
B) the opportunity costs of using factors that a producer does not buy or hire but already owns.
C) costs that are taken into consideration by accountants.
D) costs that are variable in the short run and fixed in the long run.
Correct Answer:
Verified
Q105: Owners may have little to do with
Q106: Implicit costs are measured by
A) the value
Q107: Which of the following is NOT a
Q108: Of the owners of the following firms,
Q109: Explicit costs are
A) the opportunity costs of
Q111: The double taxation of corporate profit in
Q112: Accounting costs represent
A) explicit costs paid by
Q113: Which is the best example of a
Q114: The form of business organization responsible for
Q115: An advantage of a corporation is
A) the
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