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.