Which of the Following Would Be Considered an Implicit Cost

question 193

Multiple Choice

Which of the following would be considered an implicit cost of operating a business?

• A)advertising expenses
• B)wages paid to workers
• C)a normal rate of return for investors
• D)any explicit cost

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Definitions:

Pandemic

An outbreak of a disease that occurs over a wide geographic area and affects an exceptionally high proportion of the population.

Hypoxia

A lack of oxygen.

Pulmonary Fibrosis

A lung disease that occurs when lung tissue becomes damaged and scarred, leading to severe breathing difficulties.

Chronic Pulmonary Histoplasmosis

A long-term fungal infection of the lungs that can mimic tuberculosis, caused by inhaling spores of the fungus Histoplasma capsulatum.