Which of the Following Is Not an Explicit Cost

question 145

Multiple Choice

Which of the following is not an explicit cost?

• A)salaries
• B)sales taxes
• C)the cost of utilities, such as gas and electricity
• D)insurance premiums
• E)the value of a firm owner's time

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Definitions:

Sector

A distinct part of the economy or a set of businesses that share a common type or category.

Jobs

Specific tasks or pieces of work assigned to individuals or groups, often as part of their employment.

Health Care

A broad sector involved in providing medical services, treatment, and preventive measures to maintain or improve health.

Social Assistance

Government or organizational provision of aid to individuals or groups in need, particularly for those unable to support themselves.