Implicit Costs Can Be Difficult to Measure Because

question 136

Multiple Choice

Implicit costs can be difficult to measure because

• A) business owners cannot always observe them directly.
• B) they are not measured in dollars.
• C) they are always very expensive.
• D) they are always greater than explicit costs.
• E) they include expenses like taxes.

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Definitions:

Subjective Pain

Pain that is experienced and reported by an individual, which may vary greatly between persons and is influenced by psychological factors.

Sudden Onset

The rapid emergence or beginning of something, often referring to symptoms or diseases.

Open-ended Question

A type of question that cannot be answered with a simple "yes" or "no," encouraging a detailed and descriptive response.

Closed-ended Question

A question formatted to receive a limited set of responses, such as "yes" or "no," or multiple-choice options.