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11 Dec 2019
Which of the following is an implicit cost to a firm that produces a good or service?
a) labor costs.
b) Costs of operating production machinery.
c) Foregone profits of producing a different good or service.
d) Costs of renting or buying land for a production site.
Which of the following is an implicit cost to a firm that produces a good or service?
a) labor costs.
b) Costs of operating production machinery.
c) Foregone profits of producing a different good or service.
d) Costs of renting or buying land for a production site.
Chika IlonahLv10
15 Oct 2020
