Implicit costs are: / » Micro Economics 1 solved MCQs / By admin Question: 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. “Payments” for self-employed resources. Note: The above multiple-choice question is for all general and Competitive Exams in India.
