Implicit Costs Are

question 379

Multiple Choice

Implicit costs are

• A) the costs of using factors that a producer hires or rents.
• B) the opportunity costs of using factors that a producer does not buy or hire but already owns.
• C) costs that are taken into consideration by accountants.
• D) costs that are variable in the short run and fixed in the long run.

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Definitions:

Impression Management

The process of controlling or manipulating the perceptions others form about an individual, typically to gain social or professional advantages.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Reactions

The responses or behaviors exhibited by individuals following specific stimuli or events.

Impression Management

The attempt by individuals to control or influence the perceptions others have of them.