Recall the Application about the production cost of mobile phones to answer the following question(s)
-Recall the Application. In the Application the listed costs include integrated circuits, display/touchscreen, camera, and battery. Each of these costs is
A)an implicit cost.
B)an explicit cost.
C)a sunk cost.
D)a fixed cost.

Question

Quizplus · Accepted Answer

The costs listed, such as integrated circuits, display/touchscreen, camera, and battery, are explicit costs because they are direct, out-of-pocket expenses incurred in the production of mobile phones.

Recall the Application About the Production Cost of Mobile Phones