Which of the Following Is an Example of an "Implicit

question 82

Multiple Choice

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

• A)Interest that could have been earned on retained earnings used by the firm to finance expansion.
• B)The payment of rent by the firm for the building in which it is housed.
• C)The interest payment made by the firm for funds borrowed from a bank.
• D)The payment of wages by the firm.

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Definitions:

Synapses

The junctions through which neurons communicate with each other or with muscles or glands, using chemical and electrical signals.

Neuron

A nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body.

Messages

Information or communications sent from one person or entity to another, through a medium, intended to inform, persuade, or entertain.

Evolutionary Perspective

An approach in various fields that evaluates the adaptive processes and traits of organisms in the context of evolution and natural selection.