__________ relate to those costs only which involve payments by the entrepreneur of the firm.

Accounting costs

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Notional cost

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Opportunity cost

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Implied cost

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Solution

The correct option is A Accounting costs
Payments made by the entrepreneur of the firm to the factor of productions they employ is counted under accounting costs. These are costs that are either directly or indirectly involved in the production process. And thus must be explicit costs.

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__________ relate to those costs only which involve payments by the entrepreneur of the firm.

The correct option is A Accounting costsPayments made by the entrepreneur of the firm to the factor of productions they employ is counted under accounting costs. These are costs that are either directly or indirectly involved in the production process. And thus must be explicit costs.

The correct option is A Accounting costs
Payments made by the entrepreneur of the firm to the factor of productions they employ is counted under accounting costs. These are costs that are either directly or indirectly involved in the production process. And thus must be explicit costs.