Which of the Following Is an Example of an Implicit

question 327

Multiple Choice

Which of the following is an example of an implicit cost?
(i) the owner of a firm forgoing an opportunity to earn a large salary working for a Wall Street brokerage firm
(ii) interest paid on the firm's debt
(iii) rent paid by the firm to lease office space

• A)(ii) and (iii) only
• B)(i) and (iii) only
• C)(i) only
• D)(iii) only

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Definitions:

Tricyclics

A class of antidepressant drugs used to treat depression, characterized by their three-ring chemical structure.

Antidepressant Medications

Drugs prescribed to treat symptoms of depression by adjusting the levels of certain chemicals in the brain.

Publication Bias

The phenomenon where positive or significant results are more likely to be published, leading to a skewed representation of research findings in the literature.

Effectiveness

The degree to which a technique, treatment, or intervention achieves the desired outcome under real-world conditions.