An Example of an Implicit Cost Is

question 2

Multiple Choice

An example of an implicit cost is:

• A)interest paid on a bank loan.
• B)wages paid to a family member.
• C)the value of a spare bedroom turned into a home office.
• D)operating costs of a company-owned car.

---

Definitions:

Ageism Breakdown

The process of deconstructing ageism, which involves dismantling stereotypes, biases, and discrimination based on a person's age.

Cultural Ageism

Occurs when one generation devalues the actions of another generation because it is different from what they are used to.

Paternalistic Ageism

The idea that children and young adults lack maturity and therefore require older adults to make decisions for them.

Elder Abuse

A single or repeated act against an older person in which harm or distress is caused.