What would be an example of an implicit cost of production? A. the cost of a delivery truck in a business that rarely makes deliveries B. the cost of employee training programs C. the cost of lost income a student could have earned had they not gone to university D. the cost of raw materials for producing bread in a bakery
What would be an example of an implicit cost of production? A. the cost of a delivery truck in a business that rarely makes deliveries B. the cost of employee training programs C. the cost of lost income a student could have earned had they not gone to university D. the cost of raw materials for producing bread in a bakery
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 4.10P
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I need help with econ multiple hw questions asap!
46) What would be an example of an implicit cost of production?
- A. the cost of a delivery truck in a business that rarely makes deliveries
- B. the cost of employee training programs
- C. the cost of lost income a student could have earned had they not gone to university
- D. the cost of raw materials for producing bread in a bakery
45)
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