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What Would Be an Example of an Implicit Cost of Production

Question 3

Multiple Choice
What would be an example of an implicit cost of production
A)the cost of lost income a student could have earned had they not gone to university
B)the cost of raw materials for producing bread in a bakery
C)the cost of a delivery truck in a business that rarely makes deliveries
D)the cost of employee training programs

What would be an example of an implicit cost of production


A) the cost of lost income a student could have earned had they not gone to university
B) the cost of raw materials for producing bread in a bakery
C) the cost of a delivery truck in a business that rarely makes deliveries
D) the cost of employee training programs

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