Examlex

Solved

Which of the Following Is an Implicit Cost of Production

question 56

Multiple Choice

Which of the following is an implicit cost of production?


Definitions:

Banded Iron Formations

Layers of iron-rich minerals alternated with silica or chert, deposited in marine environments over 2.5 billion years ago and are important iron ore sources.

Metal-rich Fluids

Liquids emanating from the Earth's crust, usually heated by magma, that are high in dissolved metals, often found in volcanic and hydrothermal areas.

Magma

A molten rock material beneath the earth's surface, which can solidify to form igneous rocks.

Deep Canyon

A profound and narrow valley with steep sides, carved by a river, glacier, or geological processes over time.

Related Questions