Which of the following is an implicit cost?
A) The salary earned by a corporate executive
B) Depreciation in the value of a company-owned car as it wears out
C) Property taxes
D) All of the above are implicit costs.
Correct Answer:
Verified
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Q23: The centralized management of all functions involved
Q24: Which of the following has contributed most
Q25: What percent of corporations currently have expertise
Q26: Which of the following is a variable
Q28: If the output levels at which short-run
Q29: Learning curves represent the relationship between
A) average
Q30: If an input is owned and used
Q31: Short-run marginal cost is equal to
A) the
Q32: Short-run average variable cost is equal to
A)
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