an example of an implicit cost of production would be. a.the income an entrepren

Question

an example of an implicit cost of production would be. a.the income an entrepreneur could have earned working forsomeone else. b. the cost of raw materials for producing bread in abakery. c. the cost of a delivery truck in a business that rarelymakes deliveries. d. all of the above. an example of an implicit cost of production would be. a.the income an entrepreneur could have earned working forsomeone else. b. the cost of raw materials for producing bread in abakery. c. the cost of a delivery truck in a business that rarelymakes deliveries. d. all of the above.

Explanation / Answer

C and B are tangibles. An implicit cost is intangible. Try A. Income could have earned is intangible.

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