What Would Be an Example of an Implicit Cost of Production

question 21

Multiple Choice

What would be an example of an implicit cost of production

• A)the cost of lost income a student could have earned had they not gone to university
• B)the cost of raw materials for producing bread in a bakery
• C)the cost of a delivery truck in a business that rarely makes deliveries
• D)the cost of employee training programs

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Definitions:

Uterine Tube

Also known as the fallopian tube, it is a part of the female reproductive system that connects the ovaries to the uterus and is the pathway for the egg to travel during ovulation.

Vagina

A muscular tube connecting the external genitals to the cervix of the uterus in females, playing roles in intercourse and childbirth.

Ovary

A female reproductive organ in which oocytes (egg cells) are produced and stored, also responsible for the production of hormones like estrogen and progesterone.

Copulatory Organ

A structure in an animal's body used for mating and transferring sperm to the female reproductive tract.