Explicit Costs

question 82

Multiple Choice

Explicit costs

• A)Include only payments to labor.
• B)Are the dollar payments made for the use of resources.
• C)Include the market value of all resources used to produce a good.
• D)Are the total value of resources used to produce a good but for which no monetary payment is made.

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Definitions:

Semi-subterranean

Refers to buildings or structures that are partially below ground level, commonly used for thermal efficiency or protection.

North American Southwest

A geographical region of the United States characterized by its desert climates, significant Native American history and culture, and landmarks such as the Grand Canyon.

Feathered Serpent

A mythological creature or deity found in various Mesoamerican cultures, often associated with Quetzalcoatl among the Aztecs and Kukulkan among the Maya, symbolizing fertility and the cosmic balance.

Mesoamerican

Pertaining to the region and cultures of central and southern America before the Spanish conquest, including the Maya, Aztec, and Olmec civilizations.