Implicit Costs Are Costs That

question 134

Multiple Choice

Implicit costs are costs that:

• A)require a firm to spend money.
• B)represent forgone opportunities.
• C)do not depend on the quantity of output produced.
• D)depend on the quantity of output produced.

---

Definitions:

Alzheimer's Disease

A progressive neurodegenerative disorder that causes memory loss, cognitive decline, and eventually the inability to carry out simple tasks.

Anxiety-related Confusion

A state of perplexity or disorientation that is directly linked to anxiety, where stress impairs cognitive functions.

Normal Forgetfulness

A common and typically non-concerning level of memory lapses or forgetfulness that occurs as a part of the normal aging process.

Delirium

An acute, often sudden disturbance in mental abilities that results in confused thinking and reduced awareness of the environment.