Which of the Following Is an Implicit Cost

question 297

Multiple Choice

Which of the following is an implicit cost?

• A)Salaries paid to owners who work for the firm
• B)Interest on money borrowed to finance equipment purchases
• C)Cash payments for raw materials
• D)Foregone rent on office space owned and used by the firm

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Definitions:

Constructive Actions

Behaviors or actions taken with the intention of creating positive outcomes or contributing to problem-solving.

Media Violence

Exposure to violent images and content in media, and its potential effects on aggressive behavior and attitudes.

Violence-Viewing Effect

The impact that exposure to violence in media can have on viewers, often leading to increased aggression or desensitization to violence.

Aggression

Any physical or verbal behavior intended to harm someone physically or emotionally.