An Example of an Implicit Cost of Production Is

question 25

Multiple Choice

An example of an implicit cost of production is:

• A) the cost of raw materials used to produce bread in a bakery.
• B) the cost of labor in a factory that assembles DVD players.
• C) the income an entrepreneur could have earned working for someone else.
• D) all of the above.

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Definitions:

RG-59

A type of coax cable used in video networks.

Coaxial

Coaxial cable is a type of electrical cable with an inner conductor surrounded by a tubular insulating layer, used for transmitting television signals, internet connectivity, and other data.

Fuser

A component in laser printers that uses heat and pressure to bond toner particles to paper, creating a durable print.

Pickup Rollers

Components in printers and copiers that are responsible for grabbing paper from the tray and feeding it through the machine.