Explicit costs, Microeconomics

Assignment Help:
Joe is the owner-operator of Joe’s Haircuts Unlimited. Last year he earned $100,000
in total revenues and paid $65,000 to his employees and suppliers. During the
course of the year he received three offers to work for other barbers, with the highest
offer being $40,000 per year. What are Joe’s implicit costs?

Related Discussions:- Explicit costs

Production, for the total product curve why is it when you reach at maximum...

for the total product curve why is it when you reach at maximum adding more input leads to decline in output?

Gross national product, what is the formula for finding gross national prod...

what is the formula for finding gross national product?

Demand, assignment of demand thorey

assignment of demand thorey

Demand and supply, technological advance reduced the cost of computer chips...

technological advance reduced the cost of computer chips . explain using the demand and supply diagrams , how the the following markkets are affected in terms of price and quantiti

Production Possibility Curve, Explain the micro and macro economic issues t...

Explain the micro and macro economic issues that can be represented on the PPC

Markets, The market structure in the south African mobile telecommunication...

The market structure in the south African mobile telecommunications industry

Transport infrastructure, Transport Infrastructure: The development of...

Transport Infrastructure: The development of transport infrastructure plays an important role in the growth process through increasing mobility of resources and increasing fac

Demand function is homogeneous of degree zero, Demand Function is Homogeneo...

Demand Function is Homogeneous of Degree Zero: Mathematical Presentation  we will show that demand function is homogeneous of degree zero in prices and money income. In o

Long run economic profits, 1. Igora's pizzeria want to know if it should st...

1. Igora's pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the

Write Your Message!

Captcha
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