Which of the Following Would Be Categorized as an Implicit

question 226

Multiple Choice

Which of the following would be categorized as an implicit cost?
a. not being able to spend your $10,000 savings if you sink the money in your business
b. the cost of purchasing supplies for your house-cleaning business
c. the cost of purchasing auto insurance for your dry-cleaning delivery business

• A) a only
• B) a and c only
• C) b and c only
• D) all of the above

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Definitions:

Deep Sleep

A stage of sleep characterized by slow brain waves, associated with physical and mental restoration.

60-Year-Olds

Individuals who have reached the age of sixty, often entering a phase of life characterized by both challenges and opportunities for growth.

Pituitary Gland

A pea-sized gland located at the base of the brain involved in regulating vital bodily functions and general wellbeing through the secretion of hormones.

Growth Hormone

A hormone produced by the pituitary gland that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.