Which would be an implicit cost for a firm? The cost: Question 21Answer a. paid for production supplies for the firm. b. paid for leasing a building for the firm. c. of worker wages and salaries for the firm. d. of wages foregone by the owner of the firm.

Which would be an implicit cost for a firm? The cost: Question 21Answer a. paid for production supplies for the firm. b. paid for leasing a building for the firm. c. of worker wages and salaries for the firm. d. of wages foregone by the owner of the firm.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 4P

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Question

Which would be an implicit cost for a firm? The cost:

Question 21Answer

paid for production supplies for the firm.

paid for leasing a building for the firm.

of worker wages and salaries for the firm.

of wages foregone by the owner of the firm.

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