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Which of the Following Would Be an Example of an Implicit

Question 8

Multiple Choice

Which of the following would be an example of an implicit cost? (i)
Forgone investment opportunities
(ii)
Wages of workers
(iii)
Raw materials costs

A) (i) only
B) (ii) only
C) (ii) and (iii) only
D) (i) and (iii) only

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