Which of the following statements is false?
A) An implicit cost is a nonmonetary opportunity cost.
B) Economists consider all costs to be implicit costs.
C) Economic costs include both accounting costs and implicit costs.
D) An explicit cost is a cost that involves spending money.
B
Economics
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Commodities that last less than three years and may be consumed very quickly are called:
A) durable goods B) nondurable goods C) services D) none of the above
Economics
As the number of firms increases in a market, the differences between the Cournot, Stackelberg, and price-taking market structures
A) decrease. B) increase. C) remain the same. D) Cannot be determined.
Economics