Implicit costs are: | Faculties

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Gopal Sharma

🎓 Tutor III ⭐ 38.32K Points

📊 Managerial Economics 1

Q. Implicit costs are:

(A) equal to total fixed costs.
(B) comprised entirely of variable costs.
(C) "payments" for self-employed resources.
(D) always greater in the short run than in the long run.

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✅ Correct Answer: (C) "payments" for self-employed resources.

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