QUESTION 2 Match each of the following terms and descriptions Explicit Cost A. the opportunity cost of being self-employed B. the time frame where all inputs vary v Implicit Cost Long Run C. the time frame where some inputs vary D. the cost for payments to resources Short Run
QUESTION 2 Match each of the following terms and descriptions Explicit Cost A. the opportunity cost of being self-employed B. the time frame where all inputs vary v Implicit Cost Long Run C. the time frame where some inputs vary D. the cost for payments to resources Short Run
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![QUESTION 2
Match each of the following terms and descriptions
Explicit Cost
A. the opportunity cost of being self-employed
B. the time frame where all inputs vary
C. the time frame where some inputs vary
Implicit Cost
Long Run
D. the cost for payments to resources
Short Run
>
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d2436fc-bc62-424a-afec-48c14d60aa8b%2Fc6777e69-f997-4a8f-9725-e901bfa77caf%2Fg2me8d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 2
Match each of the following terms and descriptions
Explicit Cost
A. the opportunity cost of being self-employed
B. the time frame where all inputs vary
C. the time frame where some inputs vary
Implicit Cost
Long Run
D. the cost for payments to resources
Short Run
>
>
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