Q. Implicit costs are: (Solved)
1. equal to total fixed costs.
2. comprised entirely of variable costs.
3. "payments" for self-employed resources.
4. always greater in the short run than in the long run.
- c. "payments" for self-employed resources.
1. equal to total fixed costs.
2. comprised entirely of variable costs.
3. "payments" for self-employed resources.
4. always greater in the short run than in the long run.