Site Preparation Costs Include All of the Following Except

question 52

Multiple Choice

Site preparation costs include all of the following except

• A)crane used to install equipment
• B)freight charges
• C)supplies
• D)reinforcement of the building floor

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Definitions:

Market Wage

The prevailing wage rate paid for a specific job in the labor market, determined by the supply and demand for that type of labor.

Market Price

The going rate at which an asset or service can be acquired or disposed of in a certain market.

Marginal Product

The additional output gained by employing one more unit of a specific input, holding all other inputs constant.

Market Wage

The average wage earned by workers in a specific market or industry, determined by the supply and demand for labor in that market.