Which of the Following Statements Is True

question 190

Multiple Choice

Which of the following statements is true?

• A)Costs are always explicit, never implicit.
• B)Costs are always implicit, never explicit.
• C)George runs a stationery shop; he paid Frank $5,000 for the carpet he installed in the shop. The $5,000 for carpet is an implicit cost.
• D)An implicit cost is a cost that represents the value of resources used in production for which no actual monetary payment is made.

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Definitions:

Pneumonia

An infection that inflames the air sacs in one or both lungs, which may fill with fluid or pus.

Therapeutic Touch

A holistic, evidence-based therapy that incorporates the intentional and compassionate use of universal energy to promote balance and wellness.

Energy Fields

Hypothetical fields thought to surround and penetrate the human body, often discussed in alternative medicine for healing purposes.

Naproxen

A nonsteroidal anti-inflammatory drug (NSAID) used to relieve pain, swelling, and joint stiffness.