Question

7.3 costs in the short run due wednesday by 11:59pm points 100 submitting an external tool current objective identify the factor payments associated with the five factors of production question all of the following except ____ are considered costs of factor payments. select the correct answer below: employee wages rent paid for a store front the money an employee spends on transportation interest paid on a loan for machinery

Explanation:

Factor payments are what firms pay for the use of factors of production. Employee wages are for labor, rent for land, and loan - interest for capital. An employee's personal transportation cost is not a factor payment by the firm for production factors.

Answer:

C. the money an employee spends on transportation