Question: You decide to start a business that provides computer consulting advice for students in your residence hall. What would be an example of an explicit

You decide to start a business that provides computer consulting advice for students in your residence hall. What would be an example of an explicit cost you would incur in operating this business? What would be an example of an implicit cost you would incur in operating this business?

Step by Step Solution

★★★★★

3.50 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Since the business is computer consulting an explicit cost a cost involv... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

846-B-E-D-S (2178).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

What would be an example of a business that isnt suitable for franchising?

What questions does a project objective answer? What would be an example of a good project objective?

A blind employee who worked at an Acme grocery store was walking to the back to the store, using his white aluminum guide cane. Campisi was walking down another aisle, around a corner, and tripped...

2. You decide to start a business that provides computer consulting advice for students in your residence hall. What would be an example of an explicit cost you would incur in operating this...

1 For this task, imagine that you were asked to present to a class of master's level students who are enrolled in their first quantitative research methods course. Create a PowerPoint presentation...

\fThis is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does...

http://scholar.google.com/scholar_case? case=7296890772230669764&hl=en&as_sdt=6&as_vis=1&oi=scholarr WebImagesMore... Sign in Baldwin v. Zoradi, 123 Cal. App. 3d 275 - Cal: Court of Appeal, 5th...

Controller, Judy Koch, in a recent speech said, "I rarely see a real variable cost or a truly fixed cost." What did she mean? Include in your response an explanation of the difference in behavior of...

I need to get help with this case study PwC Case Studies in Taxation, 2013, PwC, LLP FLATIRONS, INC. Flatirons, Inc. (dba Flatirons Flapjacks Caf) specializes in unique breakfast and brunch menus and...

The lighting requirements of an industrial facility are being met by 700 40-W standard fluorescent lamps. The lamps are close to completing their service life and are to be replaced by their 34-W...

Three coins are dropped on a table. a. List all possible outcomes in the sample space. b. Find the probability associated with each outcome. c. Let A be the event exactly 2 heads. Find P(A). d. Let B...

Coggin BBA Exit Exam Business Finance - Interest and Dividends In a simple perfect capital market, what happens if dividends are brought forward? A Share price goes up . B It is impossible to know. C...

If you are working on a project with constantly changing scope, which type of contract would work best when hiring an outside vendor to complete a portion of the work? Lump sum Cost-reimbursable Time...

1. Otto has a monopoly on limousine service, and Carla is thinking about entering the market. The outcome of the entry-deterrence game represented by the game tree on the following page is that Otto...

The effectiveness of a blood-pressure drug is being investigated. An experimenter finds that, on average, the reduction in systolic blood pressure is 85.6 for a sample of size 264 and standard...

The value of a new car is R224 000,00. It is estimated that the value of the car will decrease at the rate of 11% per year. Answer the following questions: a. Determine the exponential function that...

i don't understand this Table 1. The data in Table 1 represent a set of Anxiety Scores reported by a sample of adult male respondents who participated in a recent Anxiety Study in Adult Males....