An Example of an Implicit Cost Is

question 172

Multiple Choice

An example of an implicit cost is

• A) the wages paid to workers.
• B) the interest on business loans.
• C) the imputed rent on a store owned by the firm.
• D) the materials used to produce the product.

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Definitions:

Pyloric Sphincter

The valve-like structure composed of a circular band of muscle at the juncture of the stomach and small intestine.

Pylorus

The opening from the stomach into the duodenum, controlled by a sphincter that regulates the passage of food.

Small Intestine

A long, coiled tube within the digestive system where most of the digestion and absorption of nutrients occurs, connecting the stomach to the large intestine.

Soft Palate

The flexible part at the back of the roof of the mouth, separating the mouth from the nasopharynx, and plays a key role in speech and swallowing.