shalease3442 shalease3442

27-11-2022
Social Studies

Answered

1. Implicit and explicit costs are different in that:
A. explicit coves are opportunity costs; implicit costs are not. B. implicit costs are opportunity costs; explicit costs are not C. the latter refer to nen-expenditure costs and the former to modetary puymetats. D. the former refer to non-expenditure costs and the latfer to monetary payments.

Answer :

Other Questions

Which one of the following statements is not true? Total foxed costs remain the same regardless of volume. Total variable costs change with volume. Total variab

unlike a private good a public good is characterized by rivalry and excludability. produces no positive or negative externalities. has benefits available to all

1) As output increases, average fixed costs A) decrease. B) initially decrease and then increase. C) remain constant. D) increase.

A major reason that firms form a cartel is to (Points : 4) reduce the elasticity of demand for the product. enlarge the market share for each producer. minimize

Efficiency in a market is achieved when . a social planner achieved wand sets the quantity of output after evaluating buyers' willingness to pay and sellers' c

what does the advent of behavioral modernity refer to

. Monopolistic competition is similar to perfect competition because firms in both market structures: • find it beneficial to advertise. • are price takers. • p

Which of the following statements is TRUE regarding book and tax differences? A. Some book and tax differences are temporary in nature because there are certain

The forces that make market economies work are: Answer Work and leisure. Politics and religion. Supply and demand. Taxes and government spending.

Which of the following is not a stakeholder of an organization? A. Employees B. Stockholders C. Customers D. Competitors E. These are all stakeholders.