Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct category. Implicit Costs Not a Cost Explicit Costs H Advertising space taken out on a social networking website his previous job designing The salary Alex earned in lighting fixtures. The money they pay their neighbor's six year old son to deliver cupcakes to their customers. Supplies like sugar, butter and baking trays The garage space used for baking that can no longer be rented out to a college student
Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct category. Implicit Costs Not a Cost Explicit Costs H Advertising space taken out on a social networking website his previous job designing The salary Alex earned in lighting fixtures. The money they pay their neighbor's six year old son to deliver cupcakes to their customers. Supplies like sugar, butter and baking trays The garage space used for baking that can no longer be rented out to a college student
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 6SQ
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