An Example of an Implicit Cost of Production for a Forestry

question 142

Multiple Choice

An example of an implicit cost of production for a forestry company would be:

• A) the costs of planting an area with trees
• B) the interest income that could have been earned in a bank if the company hadn't used its profit to finance a new replanting
• C) the cost of transporting the logs to a sawmill
• D) all of the above

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Definitions:

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The dynamics involved in the enactment and performance of roles in social, work, or group settings.

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A societal or group standard that encourages and values achieving success and excelling in activities.

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