An Example of an Implicit Cost Is

question 156

Multiple Choice

An example of an implicit cost is

• A) a payment on the loan for a piece of equipment not in use.
• B) a payment on an electricity bill.
• C) wages paid to employees.
• D) gasoline costs.
• E) forgone wages.

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Definitions:

Infants

Very young children or babies, typically considered to be from birth to one year of age.

Media

The means of communication, such as radio, television, newspapers, the internet, and magazines, that reach or influence people widely, affecting many aspects of society and culture.

Effects

Results or effects that arise due to a particular cause or action.

Baby Signing

The use of manual signing allowing babies and toddlers to communicate emotions, desires, and objects prior to spoken language development.