Which of the following would be considered an implicit cost?
a. fees paid to cover a loan
b. payments to suppliers for raw materials
c. a firm using its own building to house a factory
d. wages paid to workers

b.provides a written record of the transaction

first industrial revolution - the first wave of the industrial revolution lasted from the late 1700s to the mid-1800s. it industrialized the manufacture of textiles and began the move of production from homes to factories. steam power and the cotton gin played an important role in this period.

hey.

the answer is. b) to protect migrating native american tribes .

and, c) to protect migrating native american tribes .

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