Answered: Which of the following is not included…

Which of the following is not included in total cost? Select one: O a cost of the product to the buyer O b. O C. variable costs explicit costs O d. implicit costs

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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Question

Which of the following is not included in total cost?
Select one:
O a cost of the product to the buyer
O b.
O C.
variable costs
explicit costs
O d. implicit costs

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