Implicit costs are ________________.
A. equal to total fixed costs.
B. comprised entirely of variable costs.
C. payments for self-employed resources.
D. always greater in the short run than in the long run
Answer:C
Implicit costs are ________________.
A. equal to total fixed costs. B. comprised entirely of variable costs. C. payments for self-employed resources. D. always greater in the short run than in the long run