Which of the Following Is an Implicit Cost in Jim's

question 74

Multiple Choice

Which of the following is an implicit cost in Jim's business venture?
i.the salary Jim could have earned at another job
ii.the interest Jim must pay on the loan he incurred to help open his business
iii.the interest Jim lost when he used his savings to help open his business

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

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Definitions:

Schizophreniform Disorder

A psychiatric diagnosis that applies to individuals who exhibit symptoms similar to those of schizophrenia, but for a duration of less than six months.

Psychotic Disorder

A mental health condition characterized by a disconnection from reality, manifesting in symptoms like hallucinations, delusions, and disorganized thinking.

Substance-induced

describes conditions or disorders that are caused or exacerbated by the use of drugs, alcohol, or other substances.

DSM-5

DSM-5, the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a standardized classification of mental disorders used by mental health professionals for diagnosis in the United States.