Solved

Which of the Following Is an Implicit Cost

Question 56

Multiple Choice

Which of the following is an implicit cost?
i.wages paid to workers
ii.the normal profit
iii.the electric bill

A) i only
B) ii only
C) i and ii
D) ii and iii
E) Neither i, ii, nor iii

Related Questions

Q51: The law of decreasing returns applies to<br>A)

Q52: Ayanna grows herbs.Last year she grew 2,000

Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Kenya owns a

Q55: One of the major reasons for the

Q57: Normal profit is<br>A) part of the firm's

Q58: The vertical distance between total cost curve

Q59: Normal profit is a(n)_ cost because _.<br>A)

Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above

Q61: At the Punjab Bakery,two workers can decorate

Q489: Which curve shows the lowest average total