Which of the Following Is an Implicit Cost

question 56

Multiple Choice

Which of the following is an implicit cost?
i.wages paid to workers
ii.the normal profit
iii.the electric bill

• A) i only
• B) ii only
• C) i and ii
• D) ii and iii
• E) Neither i, ii, nor iii

Identify the initial steps of transforming creativity into opportunity.

Comprehend the technological progress law related to computer chips.

Analyze different market structures and their characteristics.

Understand the concept of window of opportunity in entrepreneurship.

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Body Language

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The International Monetary Fund (IMF) is an international organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, sustainable economic growth, and reduce poverty around the world.