Which of the Following Are Implicit Costs for a Typical

question 23

Multiple Choice

Which of the following are implicit costs for a typical firm?

• A)the cost of labor
• B)the opportunity cost of capital owned and used by the firm
• C)the cost of energy used in production
• D)a business licensing fee

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Definitions:

Interaction Adaptation Theory

Theory suggesting that people interact with others by adapting to their communication behaviors.

Interactional Synchrony

Mirroring of each other’s nonverbal behavior by communication partners.

Perception Checking

Asking someone whether your interpretation of his or her nonverbal behavior is accurate.

Regulators

Nonverbal messages that help to control the interaction or flow of communication between two people.