Unlike Implicit Costs, Explicit Costs

question 35

Multiple Choice

Unlike implicit costs, explicit costs

• A)reflect opportunity costs
• B)include the value of the owner's time
• C)are not included in a firm's accounting statements
• D)are actual cash payments
• E)do not change as a firm's output changes

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Definitions:

Primary Sex Characteristics

The physical features that are directly involved in the reproductive process, including the ovaries, fallopian tubes, uterus, vagina in females, and the testes, seminal vesicles, and penis in males.

Males

Referring to the male sex or gender, biologically characterized by XY chromosomes, producing sperm for reproduction.

Primary Sex Characteristics

The physical features directly involved in the reproductive process, such as the ovaries in females and testes in males.

Secondary Sex Characteristics

Physical features that emerge during puberty which are not directly involved in reproduction but distinguish the two sexes, such as breast development and facial hair.