Solved

Which of the Following Is an Implicit Cost to a Firm

Question 37

Multiple Choice

Which of the following is an implicit cost to a firm that produces a good or service?


A) labor costs.
B) costs of operating production machinery.
C) foregone profits of producing a different good or service.
D) costs of renting or buying land for a production site.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1528/.jpg" alt=" -What is the

Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1528/.jpg" alt=" -What is the

Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1528/.jpg" alt=" -What is the

Q35: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1528/.jpg" alt=" -At what level

Q38: Which of the following signals to the

Q40: The marginal benefit in the above table

Q41: According to the Five Forces Framework, sustainable

Q55: Which of the following is (are)true?<br>A) Accounting

Q106: To an economist,maximizing profit is:<br>A) maximizing the

Q116: A recent survey of new graduates in