In a week the manager owner of manufacturing firm spends $1000 on raw materials $500 on utilities $750 hiring tools and $400 on rent .The manager owner earned $1000 per week before quitting her job to start the manufacturing enterprice. a. calculate the explicit cost of the firm. b.implicit cost of the firm. c.what will be the normal profit of the firm.​

Why is efficiency an important economic goal?

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries

What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.