Multiple Choice
Which of the following is an example of an implicit cost?
A) Interest paid to a bank on a building loan.
B) Liability insurance payments made only once a year.
C) The cost of using capital an owner donates to the business.
D) Dollars paid to a supplier for materials used in production.
E) Wages paid to employees.
Correct Answer:

Verified
Correct Answer:
Verified
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