An example of an implicit cost of production is: a. the cost of ...

[Redwolflake15]

An example of an implicit cost of production is:
 a. the cost of leather used in manufacturing furniture.
 b. the opportunity cost of space in your home that is used for a home office.
  c. the wages paid to high school students that work in a fast-food restaurant.
  d. none of the above.

Question 2

People tend to remain in those occupations that require continuous time and financial commitments to remain productive.
 a. True
  b. False
  Indicate whether the statement is true or false

[Cheesycrackers]

Answer to Question 1

b

Answer to Question 2

False

[Redwolflake15]

TYSM

[zacnyjessica]

Excellent