Question

are direct contractual monetary payments incurred through market transactions,
OA) Opportunity cost
B) implicit costs
c) normal cost
OD) Explicit costs​

Answer 1

Contract market, or designated contract market, is a registered exchange where commodities and option contracts are traded and its core function is to ensure fair and orderly trading, financial controls, and the efficient dissemination of trade price information.

@Marzi......

Answer 2

Explicit Costs are direct contractual monetary payments incurred through market transactions.

• Examples of explicit costs are wages, salary, rents, etc.
• Explicit costs are payments costs that are incurred in the operating of a business in a market.
• It is the opposite of Implicit costs, and are actual costs.
• It is taken into consideration together with implicit costs while evaluating the economic profits of the firm.

The answer is(D) Explicit Costs.