This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An example of an implicit cost of production is: a. the cost of leather used in manufacturing ... (Read 157 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cheesycrackers

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Redwolflake15

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
Stem Cell Production Stem Cell Production
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
A comparison of sperm production and egg production in humans A comparison of sperm production and egg production in humans
Nonshivering heat production Nonshivering heat production
The production of a new allopolyploid species The production of a new allopolyploid species
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library