Which of the Following Is an Example of an Implicit

question 149

Multiple Choice

Which of the following is an example of an implicit cost that a firm might incur?

• A)the out-of-pocket expense to hire resources
• B)taxes owed to the state and Federal governments
• C)the rental value of the office space the company owns and uses for itself
• D)the revenue a firm generates in using its resources

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Definitions:

Federal Troops

Military forces deployed by the federal government of a nation, often used for maintaining security, defense, and order, including during times of civil unrest.

Break Down Strikes

The act of forcibly ending or undermining strikes, often through legal, political, or physical means, typically by employers or government authorities.

American President

The head of state and government of the United States of America, elected to a four-year term and responsible for the execution of federal laws and the administration of national policies.

Rutherford B Hayes

was the 19th president of the United States, serving from 1877 to 1881, known for ending the Reconstruction era.