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    Microeconomics Principles
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    Exam 7: Production and Cost
  5. Question
    A Firm's Implicit Costs Are
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A Firm's Implicit Costs Are

Question 116

Question 116

Multiple Choice

A firm's implicit costs are


A) its maintenance costs
B) its paid-out costs of production
C) its main source of executive costs
D) irrelevant to the determination of economic profit
E) opportunity costs of production that do not involve money outlays

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