Which of the following is an implicit cost of production?
A) interest paid on a loan to a bank
B) wages paid to labor plus the cost of carrying benefits for workers
C) rent that could have been earned on a building owned and used by the firm
D) the utility bill paid to water, electricity, and natural gas companies
Question 2
Implicit costs can be defined as
A) the non-monetary opportunity cost of using the firm's own resources.
B) the deferred cost of production.
C) total cost minus fixed costs.
D) accounting profit minus explicit cost.
A typical bank statement.
Modern Predication of Peak in Global Oil Production
The production of electricity from coal is inefficient
Conventional oil reserves have passed peak production
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Production of ABO blood group antigens