Which of the following would be considered an implicit cost?

a.) wages paid to workers

b.) payments to suppliers for raw materials

c.) opportunity costs

d.) fees paid to bankers

Question

Karlee Bray

14 March, 20:51

+1

Answers (1)

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Martha Wolfe · Answer 1

I would say B. An implicit cost is one that is somewhat implied it is a cost on top of what the cost is

Which of the following would be considered an implicit cost?a.) wages paid to workersb.) payments to suppliers for raw materialsc.) opportunity costsd.) fees paid to bankers