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Business Data Management · Quiz 2 · 10 Jul 2022 · May 2022 term

Question 14: Which of the following are Implicit costs for a firm (ch…

Question 14

+1 markOne or more correct options

Which of the following are Implicit costs for a firm (choose all that is applicable)?

Select all that apply.

  1. A

    The cost of worker wages and salaries

  2. B

    The cost paid for leasing a building for production

  3. C

    The cost paid for production supplies

  4. D

    The cost of wages foregone by the owner of the firm

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Correct answer

  • D

    The cost of wages foregone by the owner of the firm

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Question 14 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term (IIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022). It carries 1 mark.

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