The Choices Listed Below Involve Costs to the Firm

question 91

Multiple Choice

The choices listed below involve costs to the firm. For which is the implicit cost potentially different than its explicit cost?

• A) The use of firm- owned assets.
• B) The use of rented land.
• C) The services of hired workers.
• D) The purchase of raw materials used in production.
• E) The interest paid on borrowed money.