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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 7: Production and Cost in the Firm
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    Which of the Following Is Not an Explicit Cost
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Which of the Following Is Not an Explicit Cost

Question 145

Question 145

Multiple Choice

Which of the following is not an explicit cost?


A) salaries
B) sales taxes
C) the cost of utilities, such as gas and electricity
D) insurance premiums
E) the value of a firm owner's time

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