Which would be an implicit cost for a firm? The cost:

Related MCQs

• Suppose that a firm produces 200,000 units a year and sells them all for Rs.10 each. The explicit costs of production are Rs.1,500,000 and the implicit costs of production are Rs. 300,000. The firm has an accounting profit of:
• Implicit costs are:
• If a more efficient technology was discovered by a firm, there would be:
• If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• Which cost is to be incurred by a firm even if output is zero:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• If a firm's revenues just cover all its opportunity costs, then:
• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• If the short-run average variable costs of production for a firm are rising, then this indicates that: