Implicit Costs

question 53

Multiple Choice

Implicit costs

• A)Include only payments to workers and lenders.
• B)Represent actual monetary payments made for resources used to produce a good such as oil.
• C)Are the costs to produce a good or service for which no direct payment is made.

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Definitions:

Bone Density

A measurement indicating the amount of mineral matter per square centimeter of bones, used to diagnose osteoporosis and assess fracture risk.

Osteoblasts

Cells responsible for bone formation and the synthesis of new bone material.

Bone Cancer

A malignant tumor that destroys normal bone tissue, often categorized as primary bone cancer or secondary bone cancer.

Temporal Bone

A bone on the side of the skull involved in hearing and balance, housing the structures of the middle and inner ear.