Which of the following would be considered an implicit cost?
a. fees paid to cover a loan
b. payments to suppliers for raw materials
c. a firm using its own building to house a factory
d. wages paid to workers

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.