Marilyn opens an insurance brokerage. Which of the following is an example of her implicit cost? Rental payment for her office. The salary she pays her office assistant. The office supplies she buys. The opportunity cost of the leisure time she gives up.

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter8: Business Organizations
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Marilyn opens an insurance brokerage. Which of the following is an example of her
implicit cost?
Rental payment for her office.
The salary she pays her office assistant.
The office supplies she buys.
The opportunity cost of the leisure time she gives up.
Transcribed Image Text:Marilyn opens an insurance brokerage. Which of the following is an example of her implicit cost? Rental payment for her office. The salary she pays her office assistant. The office supplies she buys. The opportunity cost of the leisure time she gives up.
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