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:

Internal Injury

Damage occurring within the body, often invisible from the outside, that can affect organs, muscles, or bones.

Personal Protective Equipment (PPE)

Specialized clothing or equipment worn for protection against health and safety hazards, includes masks, gloves, gowns, and eye protection.

Level Of Protection

The degree or extent to which something is safeguarded or defended against harm or danger.

Smallpox Immunization

The process of vaccinating an individual against smallpox, a serious and potentially deadly infectious disease, now eradicated thanks to global immunization efforts.