Measure the opportunity cost of work

Assignment Help Business Economics
Reference no: EM132491883

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

b. The owner of a small retail store does her own accounting work. How would you measure the opportunity cost of her work?

Reference no: EM132491883

Questions Cloud

Find the equivalent future lump sum amount : You are paying $1,600 each month for 10 years with an interest rate of 9% compounded continuously, find the equivalent future lump sum amount
How leader develop assertiveness for sharing own perspective : Performance Advantage of Sustainability Review Chapter 8 in your textbook (pages 181-185), "Performance Advantage of Sustainability." What are your thoughts.
Predicting about the movement of future short-term : If a yield curve looks like the one shown in the figure below, what is the market predicting about the movement of future short-term interest rates?
Why do penalties in criminal law exceed damages : Why do penalties in criminal law exceed damages in negligence or strict liability for the same wrong? Explain.
Measure the opportunity cost of work : The owner of a small retail store does her own accounting work. How would you measure the opportunity cost of her work?
Discuss risk methodologies used in capital budgeting : Was there further financial information that you required that was not provided to you? Discuss risk methodologies used in capital budgeting.
Eliminate frictional and structural as cyclical unemployment : Should government introduce policies to eliminate frictional and structural as cyclical unemployment? Discuss
Draw an isoquant that shows relatively little substitution : Draw an isoquant that shows relatively little substitution between two factor inputs and one that shows relatively large substitution in health care facility.
What factors consider before employing a new treatment model : From a research perspective what factors should Mr. Dunn consider before employing a new treatment model? Be specific. Please Give examples.

Reviews

Write a Review

Business Economics Questions & Answers

  Interest rate will there be an excess supply of money

Look at the graph of the market for loanable funds found below and answer the following questions: At which interest rate will there be an excess supply of money? What does this mean? At this rate, what is the demand for money? What is the supply?

  Explain what benefit can tools such as abc analysis

Quantitative Analysis Assignment: Inventory Control Models- What benefit can tools such as ABC analysis and just-in-time controls provide for an organization?

  Interest and income of increase in government expenditure

Assume that investments is highly insensitvie to the interest rate. Explain what effects are on interest and income of an increase in government expenditure (G). Which compent(S) of aggregrate demand are crowded out (i.e., reduce)? Use IS-LM diagram ..

  Identify their corresponding production-consumption points

Identify their corresponding production and consumption points. Can you identify the country having a comparative advantage?

  A description of the differences in how each theory addresse

A personal experience to explain the relationship between virtue, values, and moral concepts as they relate to one of the three theories.

  Compute the profit consequences of the change

Describe a pricing decision your company has made. Was it optimal? If not, why not? How would you adjust the price? Compute the profit consequences of the change.

  The world market economy within this time frame

Research the world market economy during the seventeenth and eighteenth centuries. Use the following to guide your research: Choose one significant event that occurred in the world market economy within this time frame. Describe your chosen event, it..

  Cost of producing the current level of output

A firm uses steel and aluminum to produce auto parts. The current input mix used by the firm is such that the marginal product of aluminum is equal to 800 units, while the marginal product of steel is equal to 500 units. how this firm could reduce it..

  Manager of the server installation project

Q: You are the project manager of the Server Installation Project for your organization. You're working with your project stakeholders and project team to create the project management plan.

  Proposed tax fall primarily on the wealthy

"We should impose a 20 percent luxury tax on expensive automobiles (those with a sales price of $50,000 or more) in order to collect more tax revenue.

  Identify economic factor that drive firm value-to-book ratio

Identify three economic factors that will drive a firm's value-to-book ratio to be higher than that of other firms in the same industry.

  Opportunity cost of josephine''s trip to the wedding

What is the opportunity cost of Josephine's trip to the wedding

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!

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