Which of the Following Is an Example of an Implicit

question 80

Multiple Choice

Which of the following is an example of an implicit cost a firm might incur?

• A)the out-of-pocket expense to hire resources
• B)taxes owed to the state and Federal governments
• C)the rental value of the office space the company owns and uses for itself
• D)the revenue a firm generates in using its resources

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Definitions:

Canalization

A concept in developmental biology referring to the tendency of an organism to maintain developmental stability amidst genetic and environmental variations.

Genetically Determined

Traits or characteristics that are directly influenced by an individual's genetic makeup.

Genetic-Environment Correlation

The concept that exposure to environmental conditions depends in part on an individual's genotype, influencing their development and traits.

Sperm Cell

A male reproductive cell or gamete involved in sexual reproduction, capable of fertilizing an ovum.