Statement The telephone company informed the subscribers through a notification that those who do not pay their bills by due date will be charged penalty for every defaulting day. Assumptions. I. Majority of the people may pay their bills by the due date to avoid penalty. II. The money collected as penalty may offset the losses due to delayed payment. People generally pay, do not need to such notices. III. People generally pay, do not need to such notices.

• All are implicit
• Both l and ll are implicit
• Both ll and lll are implicit
• only lll is implicit