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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Microeconomics: Which of the following is an example of an implicit cost
Reference No:- TGS0952301

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