Explicit Costs

question 90

Multiple Choice

Explicit costs

• A)Include only payments to labor.
• B)Are the sum of actual monetary payments made for resources used to produce a good.
• C)Include the market value of all resources used to produce a good.

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Definitions:

Methylphenidate (Ritalin)

The most frequently prescribed stimulant medication for children with attention deficit hyperactivity disorder (ADHD).

ADHD

A neurodevelopmental condition, Attention Deficit Hyperactivity Disorder, manifests through lack of focus, high levels of activity, and impulse control issues.

Stimulant Medications

Drugs that increase activity in the brain and nervous system, often prescribed to treat conditions like ADHD and narcolepsy.

Vigilance

The action or state of keeping careful watch for possible danger or difficulties.