The text presents costs as if a firm could look them up in a book. a. How
Question:
The text presents costs as if a firm could look them up in a book.
a. How do you believe a firm’s true costs are revealed?
b. Is this an optimal method of finding out costs?
(Austrian)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
In the Austrian School of Economics which places a strong emphasis on individual action and subjectivity the concept of true costs is viewed different...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
Find the distance between the given pairs of points. (32, 18) and (50, 8)
-
Your instructor wants to know more about you, your motivation for taking this course, your career goals, and your writing skills. Send an e-mail or write a memo of introduction to your instructor....
-
Using the frequency distribution constructed in Example 1, find the midpoint, relative frequency, and cumulative frequency of each class. Describe any patterns. Data from Example 1 The data set lists...
-
How can management assure that all shipped goods are billed?
-
Plaza, Inc., acquires 80 percent of the outstanding common stock of Stanford Corporation on January 1, 2018, in exchange for $900,000 cash. At the acquisition date, Stanford's total fair value,...
-
To what extent did the personal characteristics of the "Baby M" parties impact the decision and public perception? What if the surrogate had been a well-educated woman who had originally entered the...
-
A pair of shoes that wholesales for $28.79 has approximately the following costs: a. Which of these costs would likely be a variable cost? b. Which would likely be a fixed cost? c. If output were to...
-
What is the difference between technical efficiency and economic efficiency?
-
Four years ago, your firm issued $1,000 par, 25-year bonds, with a 7 percent coupon rate and a 10 percent call premium. a. If these bonds are now called, what is the approximate yield to call for the...
-
Lauprechta Incorporated has the following employees on payroll: Employees Semimonthly Payroll Number of Dependents from Form W-4 Marital Status Naila $ 6,000 3 Married Wilfred $ 5,300 2 Married Byron...
-
The kids department has an opening inventory of $275,000 at retail with a markup of 48.7%. The new purchases season-to-date amounted to $300,000 at retail with a 50.4% mark up. Find the cumulative...
-
White Lights Co. uses the total cost concept of applying the cost-plus method to product pricing. The costs of producing and selling 6,000 units are as follows: Line Item Description Amount Fixed...
-
Satriale's meats had operating profits of $100,000, taxes of $17,000, interest expense of $34,000 and preferred dividends of $5,000. What was the store's net profits after taxes?
-
On September 1, 2021, Eva Co., issued $168 million of its 10% bonds at face value. The bonds are dated June 1, 2021, and mature on May 30, 2031. Interest is payable semiannually on June 1 and...
-
What are the distinctive features of ToyJoys income statement? Its retained earnings statement? Its balance sheet?
-
A fuel pump sends gasoline from a car's fuel tank to the engine at a rate of 5.88 10-2 kg/s. The density of the gasoline is 735 kg/m3, and the radius of the fuel line is 3.18 10-3 m. What is the...
-
Suppose there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of...
-
Suppose that two countries, Machineland and Farmland, have the following production possibility curves. a. Explain how these two countries can move from points A and C, where they currently are, to...
-
Suppose there are two countries, Busytown and Lazyasiwannabe, with the following production possibility tables: a. Draw the production possibility curves for each country. b. Which country has the...
-
The mysterious Planet Y has an upward uniform electric field and free-fall acceleration of exactly 9.80m/s^2. While on Planet Y, my brother tosses a 2.00-kg ball upwards from the surface and the ball...
-
(a) How is momentum different than force? (b) How Angular acceleration is different than linear acceleration? Explain with one example of each. (a) What is energy conservation law? Explain with one...
-
Greyson decides to cook dinner for all Onramps students and has to purchase groceries! Greyson pushes his shopping cart with a force of 43 N at an angle of 35 degrees downward from the horizontal....
Study smarter with the SolutionInn App