A College Student Is Thinking About Running an Ice-Cream Truck

question 95

Multiple Choice

A college student is thinking about running an ice-cream truck over the summer.Which of the following would likely be an ongoing expense of the business?

• A) The cost of the truck
• B) The cost of the gasoline used
• C) The cost of ice cream scoopers
• D) None of these is an ongoing expense.

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Definitions:

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The cost of forgoing the next best alternative when making a decision or choosing one option over another.

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A graph that shows the highest production potential for two different products based on specific resources and factors.

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Application of scientific knowledge for practical purposes, especially in industry.