Which of the Following Is an Example of an Implicit

question 259

Multiple Choice

Which of the following is an example of an implicit cost?

• A) wages paid to employees
• B) interest paid to a bank on a building loan
• C) the cost of using capital an owner donates to the business
• D) dollars paid to a supplier for materials used in production
• E) liability insurance payments made only once a year

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Definitions:

Neurofibrillary Tangles

Abnormal accumulations of a protein called tau that form inside neurons, contributing to neurodegenerative diseases such as Alzheimer's disease.

Cerebral Cortex

The gray, convoluted covering of the cerebral hemispheres that is responsible for the higher mental processes of language, memory, and thinking.

Alzheimer's

A progressive neurodegenerative disease characterized by memory loss, cognitive decline, and personality changes, resulting from the death of brain cells and the breakdown of connections between them.

Alzheimer's Disease

A progressive neurological disorder marked by memory loss, cognitive decline, and personality changes, leading to severe dementia.