Which of the Following Is an Example of an Implicit

question 239

Multiple Choice

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

• A) rent on a building
• B) the cost of fertilizer for a farmer
• C) the economic depreciation of capital equipment the business owns
• D) the cost of fuel and materials.
• E) wages paid to workers

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Definitions:

Phase I Clinical Trials

The first stage of clinical trials for new drugs or treatments, primarily concerned with assessing safety and dosage in a small group of people.

Dosage

Dosage refers to the size, frequency, and number of times a medication or drug should be taken to achieve its intended effect.

Toxicity

The degree to which a substance can cause harm to an organism, ranging from mild irritation to lethal effects.

Clinical Equipoise

The ethical principle in clinical research that requires genuine uncertainty within the expert medical community regarding the comparative therapeutic merits of each arm in a trial.