Which of the following would be an example of an implicit cost?
A) (i) only
B) (ii) only
C) (ii) and (iii) only
D) (i) and (iii) only
Correct Answer:
Verified
Q50: Pete owns a shoe-shine business. Which of
Q52: Frank owns a dog-grooming business. Which of
Q142: Bubba is a shrimp fisherman who could
Q155: A difference between explicit and implicit costs
Q483: Anya has decided to start her own
Q490: Gwen has decided to start her own
Q501: Patrice owns a travel agency. Her accountant
Q509: Explicit costs
A)require an outlay of money by
Q511: The amount of money that a wheat
Q518: An example of an explicit cost of
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