Which of the following would be considered an implicit cost?
A. Health insurance of employees paid for by the firm
B. The water bill of the firm
C. The salaries paid to the managers of the firm
D. Foregone rent on assets owned by the firm
Answer: D
Economics
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A lower tariff on imported steel would most likely benefit
A) foreign producers at the expense of domestic consumers. B) domestic manufacturers of steel. C) domestic consumers of steel. D) workers in the steel industry. E) foreign consumers of steel.
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Beyond the Fed's immediate control, a wave of pessimistic economic forecasts in the banking industry can effectively ________ e and thus ________ the money supply
A) raise, raise B) raise, reduce C) reduce, raise D) reduce, reduce
Economics