Which of the Following Would Be Considered an Implicit Cost

question 193

Multiple Choice

Which of the following would be considered an implicit cost of operating a business?

• A)advertising expenses
• B)wages paid to workers
• C)a normal rate of return for investors
• D)any explicit cost

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Definitions:

Jewelry Safety

Guidelines or practices aimed at reducing risks associated with wearing jewelry, especially in environments where it might be hazardous.

Venous Thromboembolism

A condition where blood clots form in the vein, potentially leading to complications like pulmonary embolism.

Pneumatic Compression

A therapeutic technique using air-filled devices to apply pressure on limbs, enhancing blood flow and reducing the risk of deep vein thrombosis.

Low-Molecular-Weight Heparin

A type of anticoagulant medication used to prevent and treat deep vein thrombosis and pulmonary embolism, works by inhibiting clot formation.