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Which of the following is not an example of a firm’s explicit cost?

Which of the following is not an example of a firm’s explicit cost?

Which of the following is not an example of a firm’s explicit cost?


[A]Salaries paid to workers
[B]An amount of Rs.500 paid to an employee towards the reimbursement of medical expenses incurred by him
[C]Advertisement expenditure incurred by the firm towards promotion of its branded good, ‘Atoka’
[D]The firm’s owner has given up a job, where he was earning Rs.10,000 per month to run the firm

Roshan kumar 09-Jan-2018

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