Maju Malaysia is a company that provided the catering service to UTHM students. Which of the following is an implicit cost of Maju Malaysia? A. Rental of shop in Taman Universiti, Parit Raja RM1500 В. Petrol cost for sending the food RM50 C. Salary of owner before (as lecturer), RM5,000 D. Salary of worker Puuan Fatimah RM1000
Maju Malaysia is a company that provided the catering service to UTHM students. Which of the following is an implicit cost of Maju Malaysia? A. Rental of shop in Taman Universiti, Parit Raja RM1500 В. Petrol cost for sending the food RM50 C. Salary of owner before (as lecturer), RM5,000 D. Salary of worker Puuan Fatimah RM1000
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...
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![Maju Malaysia is a company that provided the catering service to UTHM students. Which of the following is an implicit cost of Maju Malaysia?
A.
Rental of shop in Taman Universiti, Parit Raja RM1500
B.
Petrol cost for sending the food RM50
C.
Salary of owner before (as lecturer), RM5,000
D.
Salary of worker, Puan Fatimah, RM1000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe59aab9-d846-45e4-9c85-48d1701af51d%2Fb372fa9d-7508-44de-b48a-de6e466fa24c%2Fbftw5m_processed.png&w=3840&q=75)
Transcribed Image Text:Maju Malaysia is a company that provided the catering service to UTHM students. Which of the following is an implicit cost of Maju Malaysia?
A.
Rental of shop in Taman Universiti, Parit Raja RM1500
B.
Petrol cost for sending the food RM50
C.
Salary of owner before (as lecturer), RM5,000
D.
Salary of worker, Puan Fatimah, RM1000
![In the market for smartphones, which of the following events increases the supply of smartphones?
А.
New technology lowers the cost of making a smartphone
В.
An increase in people's incomes
С.
Rise in the price of an e-book reader (a substitute in production)
D.
A rise in the wage rate paid to electronics workers](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe59aab9-d846-45e4-9c85-48d1701af51d%2Fb372fa9d-7508-44de-b48a-de6e466fa24c%2F1hy5ylq_processed.png&w=3840&q=75)
Transcribed Image Text:In the market for smartphones, which of the following events increases the supply of smartphones?
А.
New technology lowers the cost of making a smartphone
В.
An increase in people's incomes
С.
Rise in the price of an e-book reader (a substitute in production)
D.
A rise in the wage rate paid to electronics workers
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