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Author Question: Which of the following is an explicit cost of production? (Read 43 times)

laurencescou

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on: May 24, 2019
Which of the following is an explicit cost of production?
◦ wages paid to workers
◦ the electric bill
◦ purchases of raw material
◦ Only answers wages paid to workers and the electric bill are explicit costs because the purchases of raw material is only an opportunity cost.
◦ Answers wages paid to workers, the electric bill, and purchases of raw material are all correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by laurencescou on May 24, 2019

popopong

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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laurencescou

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

olderstudent

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Reply 3 on: Yesterday
Wow, this really help

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