« previous next »

Author Question: All of the following are examples of explicit cost a firm might incur except A) taxes owed to the ... (Read 48 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
All of the following are examples of explicit cost a firm might incur except
 
  A) taxes owed to the state government.
  B) the revenue a firm generates in using its resources.
  C) the rental value of the warehouse space the company owns and uses for itself.
  D) the out-of-pocket expense to hire employees.

Question 2

What determines demand and supply in rental markets for capital and land?
 
  What will be an ideal response?


flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The demand for capital depends on the value of marginal product of capital; the demand for land depends on the value of marginal product of land. The higher the marginal product of capital or land, the greater the demand for capital or land. Additionally the demand for capital depends on the rental rate of capital and the demand for land depends on the rental rate of land. The higher the rental rates, the lower the quantities demanded. The supply of capital depends on the rental rate of capital. The higher the rental rate of capital, the greater is the quantity of capital supplied. The supply of land, however, is perfectly inelastic because its quantity is fixed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Examples of Minor Physical Abnormalities Associated with Schizophrenia Examples of Minor Physical Abnormalities Associated with Schizophrenia
Classes of Microorganisms with Descriptions and Examples Classes of Microorganisms with Descriptions and Examples
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Examples of keloids. Examples of keloids.
How Enzymes Act as Catalysts: Principles and Examples How Enzymes Act as Catalysts: Principles and Examples
Examples of Capsules Examples of Capsules
Video: baroreceptors

For a complete list of videos, visit our video library