Solved

Which of the Following Is an Implicit Cost of Owning

Question 90

Multiple Choice

Which of the following is an implicit cost of owning a business? (i) forgone savings account interest when personal money is invested in the business
(ii) interest expense on existing business loans
(iii) damaged or lost inventory


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

Correct Answer:

verifed

Verified

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

Related Questions

Q5: Specialisation among workers occurs when:<br>A)each worker is

Q50: Marginal cost equals which of the following?<br>(i)

Q68: The long-run average total cost curve is:<br>A)flatter

Q85: Graph 13-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3776/.jpg" alt="Graph 13-6

Q95: Amy owns a photography business. Her friend

Q108: Marginal cost tells us the:<br>A)amount total cost

Q127: Graph 13-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8859/.jpg" alt="Graph 13-5

Q133: When average total cost rises if a

Q172: According to the information provided, Amy's accounting

Q215: How would a production function that exhibits