Multiple Choice
Which of the following items is most likely to be an implicit cost of production?
A) the "competitive rate" salary the owner of the business pays herself for services provided
B) property taxes on a building owned by the firm
C) rental payments for a building utilized by the company and rented from another party
D) the interest income foregone on the equity capital invested by owners
Correct Answer:
Verified
Correct Answer:
Verified
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