Which of the Following Is an Example of an Implicit

question 239

Multiple Choice

Which of the following is an example of an implicit cost?

• A) rent on a building
• B) the cost of fertilizer for a farmer
• C) the economic depreciation of capital equipment the business owns
• D) the cost of fuel and materials.
• E) wages paid to workers

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Definitions:

Average IQ

A statistical measure representing the intelligence level of an individual, with an average score set at approximately 100.

Cultural Factors

Influences that the cultural background and context have on an individual's behaviors, beliefs, and attitudes.

Heredity

The transmission of traits from parents to their offspring through genes.

Environment

The surrounding conditions or context in which an organism or object operates.