An implicit cost is defined as:
o the amount by which the money spent on an input to product...
Business, 13.12.2019 05:31, marciekinser
An implicit cost is defined as:
o the amount by which the money spent on an input to production exceeds its opportunity cost.
o the amount by which economic profit exceeds accounting profit.
o the difference between an input's explicit cost and its actual cost.
o the opportunity cost of using a resource that is not explicitly paid out by the firm.
Answers: 1
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Diversity is an obstacle all marketers face: true false
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Acompany factory is considered which type of resource a. land b. physical capital c. labor d. human capital
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The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.
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Business, 23.06.2019 02:30, PinkyUSA18
Complete electronics inc. sells a point-of-sale computer with a two-year service contract. complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. how is revenue recognized?
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