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Widgets R Us uses a variety of different items to produce its world - class widgets. Classify each item according to whether it generates an
Widgets R Us uses a variety of different items to produce its worldclass widgets. Classify each item according to whether it generates an explicit or implicit cost for the firm.
natural gas from the gas utility
productionline workers
the current rental value of the land Widgets R Us bought years ago for $
qualitycontroltesting machines obtained from an independent supplier
the purchase of a used car
warehouses rented to store inventory
consulting services that the managers of Widgets R Us think are necessary
trucks owned outright by Widgets R Us
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