A Difference Between Explicit and Implicit Costs Is That

question 126

Multiple Choice

A difference between explicit and implicit costs is that

• A)explicit costs must be greater than implicit costs.
• B)explicit costs do not require a direct monetary outlay by the firm, whereas implicit costs do.
• C)implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.
• D)implicit costs must be greater than explicit costs.

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Definitions:

Migration

The movement of organisms from one place to another, often cyclically or seasonally, driven by various factors such as food, climate, or breeding.

Genetic Distance

Genetic distance is a measure of how different populations are from each other genetically. Genetic distance can inform population geneticists about levels of inbreeding within a population or about the historic relationships between populations or species.

Population

A group of individuals of the same species living in the same area at the same time, capable of interbreeding.

Time Separated

A phenomenon or process that is distinguished by a period of time, leading to a divergence in development or outcome.