Which of the Following Is an Example of an Implicit

question 327

Multiple Choice

Which of the following is an example of an implicit cost?
(i) the owner of a firm forgoing an opportunity to earn a large salary working for a Wall Street brokerage firm
(ii) interest paid on the firm's debt
(iii) rent paid by the firm to lease office space

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

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Definitions:

Women

Adult female humans, often considered in the context of social, cultural, and biological distinctions from men.

Men

Adult human males, often referred to based on their sex which is determined by biological attributes such as chromosomes, hormone levels, and anatomical characteristics.

Onset

The beginning or initial stage of a condition, disease, or course of action.

Comorbidity

The coexistence of two or more disorders or diseases in the same individual.