Which of the Following Constitutes an Implicit Cost to the Johnston

question 184

Multiple Choice

Which of the following constitutes an implicit cost to the Johnston Manufacturing Company?

• A)payments of wages to its office workers
• B)rent paid for the use of equipment owned by the Schultz Machinery Company
• C)use of savings to pay operating expenses instead of generating interest income
• D)economic profits resulting from current production

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Definitions:

Still Face Technique

An experimental practice used in psychology where an adult keeps a straight face when interacting with a baby to study the effects on the child's behavior.

Expressionless

Showing no change or emotion on the face, often deliberately or due to a lack of feeling.

Separation Anxiety

An infant’s distress when a familiar caregiver leaves; most obvious between 9 and 14 months.

Lifelong

Lasting for the entirety of a person's life, often used to describe learning, relationships, or commitment.