Which of the Following Is Not an Implicit Cost

question 358

Multiple Choice

Which of the following is not an implicit cost?

• A) Wages
• B) Opportunity cost of using an owner's savings
• C) Owner-provided capital
• D) Owner-provided labor

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Definitions:

Acidic

Having a pH less than 7, characterized by the ability to donate protons or hydrogen ions.

Ventral Body Cavity

The body cavity located on the front (anterior) of the human body, which houses organs such as the heart, lungs, and intestines.

Acute

Describing a condition or disease with a sudden onset, severe symptoms, but typically a short duration.

Human Papillomavirus

A group of viruses, some of which can cause genital warts or lead to certain cancers, such as cervical cancer.