Which of the following is an example of an implicit cost
Which of the following is an example of an implicit cost for a firm?
a) The value of time worked by the owner
b) Any wages and salaries paid to employed.
c) Rent on property not owned by firm.
d) Both b and c
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the new york times cost 015 in 1970 and 200 in 2011 the average wage in manufacturing was 336 per hour in 1970 and 2309
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which of the following is an example of an implicit cost for a firma the value of time worked by the ownerb any wages
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