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An implicit cost is: (Multiple Choice)

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An implicit cost is: (Multiple Choice)

An implicit cost is:
A) a direct payment for inputs
B) an opportunity cost
C) the cost of idle resources
D) the cost of unused inventory

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Microeconomics

Edition: 2^nd

Author: James

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Solved An implicit cost is (Multiple Choice Question)
Solved A cost paid in money is
Solved ________ cost is defined as a cost of production that does not entail a direct money payment.
Solved Which of the following statements is false?
Solved Which of the following statements is true?
Solved An implicit cost is defined as:
Solved Implicit cost is the opportunity cost of the inputs that do not require monetary payment.
Solved How are the ideas of implicit cost and opportunity cost connected?

Costa Author

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this is exactly what I needed

emilyas19

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Smart ... Thanks!

Butwhy

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This helped my grade so much Perfect

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