An Implicit Cost Is

question 116

Multiple Choice

An implicit cost is

• A)any cost a firm cannot avoid in the short run
• B)any expenditure a firm makes
• C)an opportunity cost
• D)accurately measured in accounting statements
• E)ignored by economists

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Definitions:

Telephone Conversation

A spoken communication between two or more people using telephones, enabling them to have a real-time dialogue over a distance.

Nonverbal Communication

The process of conveying a message without the use of words, through gestures, facial expressions, posture, and other physical behaviors.

Vocal Tone

The quality or character of sound of someone's voice, which can convey emotions, intentions, or attitudes.

Dialect

A particular form of a language that is peculiar to a specific region or social group, differing from other forms of the same language.