Which of the Following Would Be an Implicit Cost for a Firm

question 426

Multiple Choice

Which of the following would be an implicit cost for a firm? The cost

• A)of worker wages and salaries for the firm.
• B)paid for leasing a building for the firm.
• C)paid for production supplies for the firm.
• D)of wages forgone by the owner of the firm.

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Definitions:

Handcuffs

Restraint devices consisting of two metal rings connected by a chain or bar, used to secure a person's wrists together.

Use Of Force

The application of physical coercion by law enforcement or military personnel to gain compliance or control a situation.

Taser

A brand of electrical weapon that uses a temporary high-voltage, low-current electrical discharge to incapacitate a person temporarily.

Developed

Often refers to countries or regions with advanced industrialization, infrastructure, and higher living standards.