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

[jc611]

An example of an explicit cost of production is:
 a. the cost of foregone labor earnings for an entrepreneur.
 b. the cost of flour for a baker.
 c. the foregone rent that could have been earned if land owned by a firm was not used as its parking lot.
  d. provided by none of the above.

Question 2

An example of human capital is the purchase of a computer to help accountants.
 a. True
  b. False
  Indicate whether the statement is true or false

[dreamfighter72]

Answer to Question 1

b

Answer to Question 2

False

[jc611]

Excellent

[laurnthompson]

Thanks for the timely response, appreciate it