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Author Question: An example of an implicit cost of production is: a. the cost of leather used in manufacturing ... (Read 299 times)

Redwolflake15

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on: Jun 30, 2018
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


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Cheesycrackers

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Redwolflake15

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Reply 2 on: Jun 30, 2018
Excellent

apple

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

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