A college student is thinking about running an ice cream truck over the summer. Which of the following would likely be included in the total cost of the business? A)The cost of ice cream cones B)The cost of the truck C)The opportunity cost of the student's time D)All of these would be included in total cost.

Question

Quizplus · Accepted Answer

All of these options (A: the cost of ice cream cones, B: the cost of the truck, and C: the opportunity cost of the student's time) are components of the total cost of running an ice cream truck business. The total cost includes direct costs like materials and equipment, as well as indirect costs such as opportunity costs.

A College Student Is Thinking About Running an Ice Cream