This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An implicit cost is a. any cost a firm cannot avoid in the short run b. any expenditure a firm ... (Read 52 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
An implicit cost is
 a. any cost a firm cannot avoid in the short run
  b. any expenditure a firm makes
  c. an opportunity cost
  d. accurately measured in accounting statements
  e. ignored by economists

Question 2

Unlike implicit costs, explicit costs
 a. reflect opportunity costs
  b. include the value of the owner's time
  c. are not included in a firm's accounting statements
  d. are actual cash payments
  e. do not change as a firm's output changes


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


burton19126

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Excellent

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Estimating Daily Caloric Expenditure Estimating Daily Caloric Expenditure
Thoracic cage. Avoid heavy pressure over the sternum and xiphoid process; caution over rib cage. Thoracic cage. Avoid heavy pressure over the sternum and xiphoid process; caution over rib cage.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Cost of Going to School Cost of Going to School
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library