Which of the following would be categorized as an implicit cost?

(i) wages of workers

(ii) raw material costs

(iii) forgone investment opportunities

a. (i) and (iii)

b. (iii) only

c. (ii) and (iii)

d. All of the above are correct.

What is the answer?

arent explicit costs salaries, rent etc so wages of employees should be explicit and so should raw materials