Statement: The electricity company informed the consumers through a notice that those who did not pay their bills by the due date would be charged penalty for every day of default.
Assumptions:
I. Money collected as penalty would compensate for the losses incurred due to delay in making payments of the bills.
II. People generally read notice.
III. Majority of people would pay their bills by the due date to avoid penalty.
II and III are implicit
Only assumptions II and III are implicit