Other

Question

D

Question 11

1 pts

Which of the following would be considered an implicit

COst?

O health insurance of employees paid for by the firm

O the water bill of the firm

O the salaries paid to the managers of the firm

O foregone rent on assets owned by the firm

Answer

Foregone rent on assets owned by the firm

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Implicit costs are costs that are not directly paid for, but are still incurred by the firm. Foregone rent on assets owned by the firm is...