An Implicit Cost Is

question 98

Multiple Choice

An implicit cost is

• A)a nonmonetary opportunity cost.
• B)a cost unique to sole proprietorships.
• C)a cost that involves spending money.
• D)a cost unique to corporations.

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Definitions:

Fine Motor Control

The coordination of small muscles, in movements—usually involving the synchronization of hands and fingers—with the eyes.

Basal Ganglia

A group of structures in the brain involved in movement control and coordination.

Medulla Oblongata

The lower portion of the brainstem, which regulates vital bodily functions such as breathing, heart rate, and blood pressure.

Prefrontal Lobe

A region at the front of the frontal lobes of the brain, associated with complex behaviors, decision making, and moderating social behavior.