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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.
Expert's answer
a. foregone rent from the building owned and used by Company X. 

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