Implicit costs are:
a. comprised entirely of variable costs.
b. "payments" for self-employed resources
c. always greater in the short run than in the long run.
d. equal to total fixed costs.
Answer: B
Implicit costs are:
a. comprised entirely of variable costs.
b. "payments" for self-employed resources
c. always greater in the short run than in the long run.
d. equal to total fixed costs.
Answer: B