Which of the Following Would Be an Example of an Implicit

question 8

Multiple Choice

Which of the following would be an example of an implicit cost? (i)
Forgone investment opportunities
(ii)
Wages of workers
(iii)
Raw materials costs

• A)(i) only
• B)(ii) only
• C)(ii) and (iii) only
• D)(i) and (iii) only

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