Another Term for Implicit Cost Is

question 100

Multiple Choice

Another term for implicit cost is

• A)Out-of-pocket costs
• B)Explicit costs
• C)Opportunity cost
• D)Total cost
• E)Marginal cost

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Definitions:

Eyepiece

The lens or group of lenses in a telescope or microscope that is closest to the eye and through which the object is viewed.

Magnification

A process of enlarging the appearance of an object through optical instruments, like microscopes or telescopes, without altering its actual size.

Fine Adjustment Knob

The fine adjustment knob is part of a microscope used for making small adjustments to the focus, allowing for clearer visualization of the specimen at high magnifications.

High-Power Objective

A microscope lens typically with magnification of 40x to 100x, used for viewing fine details of a specimen.