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Standard XI

Economics

Opportunity Cost

The salary Ra...

Question

The salary Ram earns from his salon is a/an .

implicit cost

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explicit cost

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sunk cost

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variable cost

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Solution

The correct option is A implicit cost
Salary to oneself is an implicit cost.

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The salary Ram earns from his salon is a/an .

The correct option is A implicit costSalary to oneself is an implicit cost.

The correct option is A implicit cost
Salary to oneself is an implicit cost.