Answer to Question #45415 in Microeconomics for Dion Lewis

Question #45415
Which of the following is most likely to be an implicit cost for Company X? Select one: a. foregone rent from the building owned and used by Company X. b. transportation costs paid to a nearby trucking firm. c. rental payments on IBM equipment. d. payments for raw materials purchased from Company Y.
1
Expert's answer
2014-09-05T12:26:17-0400
a. foregone rent from the building owned and used by Company X.

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