Explicit costs
A) require an outlay of money by the firm.
B) include all of the firm's opportunity costs.
C) include the value of the business owner's time.
D) Both b and c are correct.
Correct Answer:
Verified
Q143: Walter used to work as a high
Q146: Which of the following statements is correct?
A)Assuming
Q156: Bev is opening her own court-reporting business.
Q505: Katya owns a math-tutoring business. Her accountant
Q506: Foregone investment opportunities are an example of
A)an
Q508: Implicit costs
A)do not require an outlay of
Q510: Pete owns a shoe-shine business. His accountant
Q511: The amount of money that a wheat
Q512: Which of the following is an example
Q514: Which of the following is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents