An Example of an Implicit Cost Is

question 257

Multiple Choice

An example of an implicit cost is

• A) payment of a salary to a CEO of a company.
• B) a business using a building owned by the business owner.
• C) a payment to a resource owner.
• D) the payment of interest on a bond.

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Definitions:

Active Transport

The movement of molecules across a cell membrane from a region of lower concentration to one of higher concentration, requiring energy.

Cell Membrane

The structure that surrounds and encloses a cell.

Lipids

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins (such as vitamins A, D, E, and K), monoglycerides, diglycerides, triglycerides, phospholipids, and others.

Carbohydrates

Organic compounds occurring in foods and living tissues, including sugars, starch, and cellulose, which provide energy or contribute to structure.