Which of the following is NOT an implicit cost?
A) wages
B) opportunity cost of using an owner's savings
C) owner-provided capital
D) owner-provided labor
Correct Answer:
Verified
Q164: Which of the following is NOT an
Q165: Proprietorships are
A) the most common form of
Q166: If the entrepreneur is also the manager
Q167: Which of the following is NOT a
Q168: Unlimited liability exists when
A) the profits of
Q170: A proprietorship is a business
A) with annual
Q171: The difference between explicit costs and implicit
Q172: Which of the following is NOT a
Q173: An accountant shows an invoice for a
Q174: In a firm, an entrepreneur is one
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