FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Think of a company, and its industry, and give an example of an implicit cost for that company.With the implicit cost identified explain why, or

Think of a company, and its industry, and give an example of an implicit cost for that company.With the implicit cost identified explain why, or why not, the cost needs to be considered.Are there any benefits to the cost identified? Are there any disadvantages?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Microeconomics

Authors: Roger A. Arnold

12th Edition

1285738306, 978-1285738307

More Books

Students also viewed these Economics questions

Question

★★★★★
Although both are slime molds, Dictyostelium and Physarum differ in major ways. Explain.

Answered: 1 week ago

Question

★★★★★
Describe at least two variations in calculating a P/E ratio.

Answered: 1 week ago

Question

★★★★★
What (a) does a good residual plot look like? (b) patterns should be looked for in a residual plot? (c) is the purpose of plotting the residuals versus each explanatory variable?

Answered: 1 week ago

Question

★★★★★
Bowman Specialists Inc. (BSI) manufactures specialized equipment for polishing optical lenses. There are two modelsone (A25) principally used for fine eyewear and the other (A10) for lenses used in...

Answered: 1 week ago

Question

★★★★★
One way to identify potentially valuable resources and capabilities controlled by a firm is to study _ _ _ _ _ _ _ _ . Question content area bottom Part 1 A . value chain B . externalities C . parity...

Answered: 1 week ago

Question

★★★★★
1. What is the multiplier if the marginal propensity to consume (MPC) is 0.5? Calculate the marginal propensity to save (MPS)? 2. What is the multiplier if the MPS is 0.2? Calculate the MPC 4....

Answered: 1 week ago

Question

★★★★★
In real estate, what are the competing interests between priority of federal vs. state tax liens? I need typed answer with explanation

Answered: 1 week ago

Question

★★★★★
Consider the following root's loci. 5 4 3 2 O Imaginary Axis (seconds) 3 -4 -5 -20 Root Locus -15 -10 -5 Real Axis (seconds) The angle of departure from the complex poles can be approximated by: A...

Answered: 1 week ago

Question

★★★★★
Use pivot table, privot chart, and basic excel functions to answer the following questions for data in "econ" tab. 1. For each of the variables in the next tab "econ": what is the average, the...

Answered: 1 week ago

Question

★★★★★
Question 18 1 pts For the gear trains sketched in the given figures, compute the output speed of the output shaft if the input shaft rotates at 1750 rpm (Accuracy .X RPM, don't include +'s or -'s...

Answered: 1 week ago

Question

★★★★★
Explain what cloud service the New York Times successfully utilized and the benefit this solution provided.

Answered: 1 week ago

Question

★★★★★
The file Apple.csv gives daily stock information for Apple from the previous 6 months. The variable Prev Vol characterizes the previous days trading volume as either Very Low, Low, Medium, High, or...

Answered: 1 week ago

Question

★★★★★
9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

Answered: 1 week ago

Question

★★★★★
5. What does it mean when we say the evaluation comes before the presenta-tion?.

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) Predetermined is not the same thing as predictable. b) When we are aware of the consequences of our behaviour, we can change our behaviour. c) What we know is...

Answered: 1 week ago

Previous Question Next Question