Which of the Following Constitutes an Implicit Cost to the Johnston

question 80

Multiple Choice

Which of the following constitutes an implicit cost to the Johnston Manufacturing Company?

• A) Payments of wages to its office workers.
• B) Rent paid for the use of equipment owned by the Schultz Machinery Company.
• C) Use of savings to pay operating expenses instead of generating interest income.
• D) Economic profits resulting from current production.

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Definitions:

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