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