-Use the data in the table above.The behaviour of implicit costs suggests that they are
A) fixed.
B) small.
C) variable.
D) large.
E) non-linear.

Name: -Use the data in the table above.The behaviour of implicit costs suggests that they are A) fixed. B) small. C) variable. D) large. E) non-linear.
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Question

-Use the data in the table above.The behaviour of implicit costs suggests that they are
A) fixed. 
B) small. 
C) variable. 
D) large. 
E) non-linear.

Quizplus · Accepted Answer

Implicit costs are typically variable because they represent the opportunity costs of using resources owned by the firm, which can change with the level of production or business activity.

-Use the Data in the Table Above