User Account

All Pages

Explain the difference between explicit and implicit costs

Assignment Help Macroeconomics
Reference no: EM131901936

Explain the difference between explicit and implicit costs using an example if appropriate. Why is it that economists consider both explicit and implicit costs to be part of total costs while economists do?

Reference no: EM131901936

Questions Cloud

Calculate the expected return and variance of portfolios : Calculate the expected return and variance of portfolios invested in T-bills and the S&P 500 index with weights as follows.
Open-market operations represents seignorage : The Fed buys government bonds from banks and burns them (i.e., the Fed does not demand payment for the bonds at maturity).
Write a memo to the board of ethics : An hourly employee (paid for how many hours she works rather than a fixed salary) had been an incredibly diligent worker until her 10-year-old son.
Compute the price per share and the market value of the firm : Consider an all-equity firm. The face value of the shares is 15€ and the book value of equity is 225 million euros.
Explain the difference between explicit and implicit costs : Why is it that economists consider both explicit and implicit costs to be part of total costs while economists do?
Proposal to secure funding for a neuroscience investigation : you will finalize your grant proposal to secure funding for a neuroscience investigation. This assignment will involve integrating information covered Applicati
Analyse and evaluate a third party db application : Analyse and evaluate a 3rd party db application; details will be given in class. Brief description of the functionality of this 3rd party db application
Have the poor become poorer under capitalism : He said that the accumulation of capital helps the rich get richer while simultaneously making the poor get poorer.
Why is employee empowerment advantageous for an organization : Write a paper discussing employee empowerment from the perspective of the employee and the manager. I need this answered like ASP!

Reviews

Write a Review

Macroeconomics Questions & Answers

  Causes of variances

Can the causes of variances be accountable to a specific manager? Think about which managers are in charge of purchasing, inventory management, production, and so forth. Why do we want to know who the manager is--to know who to blame or for one o..

  Event makes the demand for the dollar to increase

What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.

  The supply of meat in france rise results meat prices falls

The supply of meat in France rise, results meat prices to fall. Lower prices always mean that French households spend more on meat.

  Percentage of the single payment cost

(i) the additional annual cost if paying by monthly installments (ii) the additional annual cost as a percentage of the single payment cost.

  What impact had on the revenues of the networks

Several years ago the National Association of Broadcasters imposed restrictions on the amount of nonprogram material (commercials) that could be aired during children's television shows, effectively reducing the quantity

  A borrower receives a reverse annuity mortgage

A borrower receives a reverse annuity mortgage with a 10 year draw down period. What is the balance on the RAM at the time when this loan becomes due?

  What role does each type of pay play in motivating managers

explain several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. to mitigate agency problems between senior and executives and shareholders, should the compensation committee of the board.

  Calculate the firm inverse demand function

(a) Calculate the firm's inverse demand function. (b) Calculate the firm's marginal and average cost functions.

  Total design a program

Tip, Tax, and Total Design a program that calculates the total amount of a meal purchased at a restaurant. The program should ask the user to enter the charge for the food, and then calculate the amount of a 15 percent tip and 7 percent sales tax...

  Find the market demand function with tax collection

Suppose a sales tax of $0.4 per unit sold, from each of the 2,000 identical sellers of commodity X. Please find the market demand function with tax collection. Please find the market supply function with tax collection

  Describe what the balanced culture will look like in america

Describe what the balanced culture will look like in America when it finally settles. Explain in an orderly manner why you came to these conclusions. This assignment requires an opinion; you must clarify your position.

  Describe the benefits and costs associated with each

Describe the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd