Jake Sells Star Wars Memorabilia on Ebay

________ is called an implicit cost,while ________ is called an explicit cost. A) An accounting cost; an economic cost B) A nonmonetary opportunity cost; a cost that involves spending money C) A production cost; a sales cost D) An actual cost; a hypothetical cost

Which of the following would be considered an implicit cost of operating a business? A) advertising expenses B) wages paid to workers C) a normal rate of return for investors D) any explicit cost