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Which of the following is an implicit cost of production?

Tidy

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Which of the following is an implicit cost of production?

Which of the following is an implicit cost of production?
A) the loss in the value of capital equipment due to wear and tear
B) the salary you pay yourself for running your business
C) the utility bill paid to water, electricity, and natural gas companies
D) the interest you pay your mother for the money she loaned you to start your business

Textbook

Essentials of Economics

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 144 times

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Smoooth

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9 years ago

No problemo Happy Dummy

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