Recall the Application About the Production Cost of Mobile Phones

question 123

Multiple Choice

Recall the Application about the production cost of mobile phones to answer the following question(s)
-Recall the Application. In the Application the listed costs include integrated circuits, display/touchscreen, camera, and battery. Each of these costs is

• A)an implicit cost.
• B)an explicit cost.
• C)a sunk cost.
• D)a fixed cost.

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Definitions:

Canadian Dollars

The official currency of Canada, represented by the symbol CAD.

Trading Securities

Financial instruments like stocks or bonds held by a firm, primarily for the purpose of selling them in the near term to realize a gain.

Long-term

Pertaining to or occurring over an extended period, often exceeding one year, in the context of investments, loans, or planning.

Profit Margin

A financial ratio that measures the percentage of revenue remaining after all expenses have been deducted from sales.