Which of the Following Is Most Likely to Be an Implicit

question 194

Multiple Choice

Which of the following is most likely to be an implicit cost of production?

• A) property taxes on a building owned by the firm
• B) transportation costs paid to a trucking supplier
• C) rental payments for a building utilized by the company and rented from another party
• D) interest income foregone on funds invested in the firm by the owners

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