Explicit Costs Are

question 122

Multiple Choice

Explicit costs are

• A)not part of opportunity cost
• B)the only cost considered in opportunity cost
• C)exactly the same as implicit costs
• D)actual monetary payments for resources purchased
• E)the opportunity costs of using resources owned by the firm

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Definitions:

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The process of creating the illusion of motion by displaying a series of pictures or frames.

Designing Slide

The process of creating and formatting slides in a presentation software to convey information effectively.

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A data structure that operates on a last in, first out (LIFO) principle, where the last element added is the first to be removed.

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Written or printed words and characters used to convey information or narratives.