Homework Answers
Ans) There are two types of costs÷ explicit cost and implicit cost.
Explicit cost are the direct payments made. Eg- payment for raw materials, payment done for machinery etc.
Implicit costs are basically the opportunity cost. For eg- the salary which one leaves to start ones own business is an opportunity cost or implicit cost.
Option b.
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Explicit costs Multiple Choice Include only payments to labor. Are the dollar payments made for the...
average total cost curve is rising. then the marginal co curve will be: A. Below the...
average total cost curve is rising. then the marginal co curve will be: A. Below the average fixed cost curve. B. Falling with greater output.. C. Above the average total cost curve. D. Below the average total cost. curve. 18. Explicit costs; A. Include only payments to labor... B. Are the sum of actual monetary pa he sum of actual monetary payments made for resources used to produce a good. t rades a aaed. Laclude the market value of all...
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QUESTION 4 Assuming each unit of variable inputs cost the same, marginal cost will increase as output increases if O Variable cost is rising. Total cost is rising Marginal physical product is rising. Marginal physical product is falling QUESTION 5 In the short run, when a firm produces zero output, total cost equals: O fixed costs. variable costs O zero. O average total cost. QUESTIO Economic cost includes: O Only the value of resources used to produce a good for...
Natural monopolles: Multiple Choice Skipped are the only monopolies thot are efficient con capture the lowest...
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The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources...
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Anwser all multiple choice Multiple Choice (3 points each) 0 costs include all of the following event A wages of...
Anwser all multiple choice
Multiple Choice (3 points each) 0 costs include all of the following event A wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased 10) Which of the following is not considered a product cost? A direct materials B. direct labor C. indirect materials D. selling expense 11) Fixed costs are expenses that A. vary in response to changes in activity level B. remain constant on a per-unit basis C....
I really need the Annual Total Revenue, Explicit Costs, Total Yearly Explicit Costs, Listed Implicit Costs,...
I really need the Annual Total Revenue, Explicit Costs, Total Yearly Explicit Costs, Listed Implicit Costs, Total Yearly Implicit Costs, Yearly Accounting Profits, and Yearly Economic Profits. Clear answers to these specific things would be super helpful!! Thanks. A business entrepreneur has recently leased a small herbicide production factory. The production facility rent costs him $180 per day. In addition, he must pay $85 for the lease on conveyor line, $48 for maintenance costs, $76 for utilities, $52 for interest...
Loans made between borrowers and lenders are 1 Multiple Choice 84 nts liabilities to the lenders...
Loans made between borrowers and lenders are 1 Multiple Choice 84 nts liabilities to the lenders and assets to the borrowers since the borrower obtains the funds. assets to the lenders and liabilities of the borrowers since the promises are made to the lenders. not part of either parties' assets or liabilities until the loans are repaid liabilities to both the lenders and the borrowers. Financial intermediaries 2 Multiple Choice 2.94 points O can be banks, but not all financial...
Quesuu Cupcu BLUS. QUESTION 41 The marginal product of labor is equal to incremental costs associated...
Quesuu Cupcu BLUS. QUESTION 41 The marginal product of labor is equal to incremental costs associated with a one unit increase in labor incremental profit associated with a one unit increase in labor increases in labor necessary to generate a one-unit increase in output increases in output obtained from a one unit increase in labor QUESTION 42 The difference between accounting profit and economic profit relates to the manner in which revenues are defined how total revenue is calculated the...
Which one of the following alternatives represents the correct series of payments made by a typical...
Which one of the following alternatives represents the correct series of payments made by a typical 6%, annual pay, U.S. Treasury note with a par value of $100,000 issued today with five years to maturity? Number and size of each intermediate payment Payment made at maturity 49 Multiple Choice 4 annual payments of $6,000 $100,000 9 semiannual payments of $3000 $103,000 ARRAR ennene
average total cost curve is rising. then the marginal co curve will be: A. Below the average fixed cost curve. B. Falling with greater output.. C. Above the average total cost curve. D. Below the average total cost. curve. 18. Explicit costs; A. Include only payments to labor... B. Are the sum of actual monetary pa he sum of actual monetary payments made for resources used to produce a good. t rades a aaed. Laclude the market value of all...
QUESTION 4 Assuming each unit of variable inputs cost the same, marginal cost will increase as output increases if O Variable cost is rising. Total cost is rising Marginal physical product is rising. Marginal physical product is falling QUESTION 5 In the short run, when a firm produces zero output, total cost equals: O fixed costs. variable costs O zero. O average total cost. QUESTIO Economic cost includes: O Only the value of resources used to produce a good for...
Natural monopolles: Multiple Choice Skipped are the only monopolies thot are efficient con capture the lowest production costs possible for the industry are always protected by government policy generally earn zero eccounting profts due to regulstions Economists assume the central goal of any buslness is to: Multiple Choice Skipped maximize revenues. minimize costs. maximize profit. meximize market shere. 500.000 pairs of shoos, then their total revanue would be: Suppose Sam's Shoe Co. makes only one kind of shoe, which sells...
The income approach to measuring GDP Multiple Choice uses the payments paid to the four resources used to produce goods and services to estimate GDP focuses on how income is spent Oo oo adds up all household expenditures to calculate aggregate income and GDP ignores how income is earned and focuses instead on how it is used
Anwser all multiple choice
Multiple Choice (3 points each) 0 costs include all of the following event A wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased 10) Which of the following is not considered a product cost? A direct materials B. direct labor C. indirect materials D. selling expense 11) Fixed costs are expenses that A. vary in response to changes in activity level B. remain constant on a per-unit basis C....
Loans made between borrowers and lenders are 1 Multiple Choice 84 nts liabilities to the lenders and assets to the borrowers since the borrower obtains the funds. assets to the lenders and liabilities of the borrowers since the promises are made to the lenders. not part of either parties' assets or liabilities until the loans are repaid liabilities to both the lenders and the borrowers. Financial intermediaries 2 Multiple Choice 2.94 points O can be banks, but not all financial...
Quesuu Cupcu BLUS. QUESTION 41 The marginal product of labor is equal to incremental costs associated with a one unit increase in labor incremental profit associated with a one unit increase in labor increases in labor necessary to generate a one-unit increase in output increases in output obtained from a one unit increase in labor QUESTION 42 The difference between accounting profit and economic profit relates to the manner in which revenues are defined how total revenue is calculated the...
Which one of the following alternatives represents the correct series of payments made by a typical 6%, annual pay, U.S. Treasury note with a par value of $100,000 issued today with five years to maturity? Number and size of each intermediate payment Payment made at maturity 49 Multiple Choice 4 annual payments of $6,000 $100,000 9 semiannual payments of $3000 $103,000 ARRAR ennene
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