Which of the Following Is an Implicit Cost of Production

question 56

Multiple Choice

Which of the following is an implicit cost of production?

• A)the loss in the value of capital equipment due to wear and tear
• B)the salary you pay yourself for running your business
• C)the utility bill paid to water, electricity, and natural gas companies
• D)the interest you pay your mother for the money she loaned you to start your business

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Definitions:

Sensory Receptors

Sensory receptors are specialized cells located throughout the body that detect changes in the environment and send information to the brain, initiating sensation and perception.

Balance

The ability to maintain the body's center of mass over its base of support, a key component of physical stability and coordinated movement.

Tympanic Membrane

The tympanic membrane, commonly known as the eardrum, is a thin layer that separates the external ear from the middle ear and vibrates in response to sound waves.

Auditory Ossicle

Bone of the middle ear; includes the malleus, incus, and stapes.