How would you measure the opportunity cost of her work

Reference no: EM13902585

1. A firm pays its accountant an annual retainer of $10,000. Is this an economic cost?

2. The owner of a small retail store does her own account- ing work. How would you measure the opportunity cost of her work?

Reference no: EM13902585

Questions Cloud

Prepare a process flow analysis for the wic program : Prepare a process flow analysis for the WIC Program. What problems, if any, does it reveal? What is the cost of these problems? What other operational problems does the WIC Program have? What must it do well if it is to be successful?

The company installs machinery in the mine costing : On April 2, 2013, Montana Mining Co. pays $ 3,721,000 for an ore deposit containing 1,525,000 tons.

Define data analytics in general and provide in detail : Define data analytics in general and provide a brief overview of the evolution of utilizing data analytics in business

What can you say about the marginal product of labor : Suppose that labor is the only variable input to the production process. If the marginal cost of production is diminishing as more units of output are produced, what can you say about the marginal product of labor?

How would you measure the opportunity cost of her work : The owner of a small retail store does her own account- ing work. How would you measure the opportunity cost of her work?

How will you accomplish the educational goals : How will you work with your students to begin bringing them together while helping them to respect each other's differences? How will you accomplish the educational goals that you must meet for the year

Milano gallery purchases the copyright : Milano Gallery purchases the copyright on an oil painting for $ 418,000 on January 1, 2013

What federal or state laws protect owners of intellectual : What federal or state laws protect owners of intellectual property?

Plot the production function for life expectancy : Suppose that in a country suffering from famine, N is fixed at 2 and that c = 20. Plot the production function for life expectancy as a function of health expenditures, with L on the vertical axis and H on the horizontal axis.

User Account

All Pages