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Author Question: The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin. Its explicit costs for ... (Read 69 times)

Mr.Thesaxman

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Question 1

The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin. Its explicit costs for producing 300 muffins are $250. If the bakery is earning a normal rate of return, then implicit costs must be


◦ $50.
◦ $100.
◦ $250.
◦ $350.

Question 2

The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin. Its explicit costs for producing 300 muffins are $250. If the bakery is earning a normal rate of return, then implicit costs must be


◦ $50.
◦ $100.
◦ $250.
◦ $350.


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Marked as best answer by Mr.Thesaxman on Apr 19, 2019

Kedrick2014

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Mr.Thesaxman

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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