All of These Are Examples of Implicit Costs EXCEPT

question 143

Multiple Choice

All of these are examples of implicit costs EXCEPT

• A) office rent expenses.
• B) the value of next best alternative use of an entrepreneur's time.
• C) earnings that an entrepreneur could have made in another job.
• D) opportunity cost of a firm's capital.

---

Definitions:

Big Five Factors

A model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors and responses.

Maslow's Approach

A psychological perspective focused on a hierarchy of needs culminating in self-actualization, developed by Abraham Maslow.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and behavioral patterns.