Question: 4 Question 4 (1 point) If an input is owned and used by a firm (such as the owner's contributed time or savings the owner

4 Question 4 (1 point)

If an input is owned and used by a firm (such as the owner's contributed time or savings the owner invested into the business), then its

Question 4 options:

a)

 explicit cost is zero.

b)

 implicit cost is zero.

c)

 opportunity cost is zero.

d)

 economic cost is zero.

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