--%>
Assignment Help - homework help

Economists view on Psychic Income

Can someone please help me in finding out the accurate answer from the following question. The Economists view on the psychic income as the: (1) Explicit cost of the production. (2) Implicit cost of production. (3) Implicit revenue gathered by the firm's owner. (4) Accountant's approach to the profit.

   Related Questions in Microeconomics

  • Q : Determine supply curve as perfectly

    Suppose that all these given demonstrated curves in below are infinitely long straight lines. There supply curve that is perfectly price-inelastic is: (i) supply curve S1. (ii) supply curve S2. (iii) supply curve S3. (

    		•
  • Q : Short run effects of income tax rate If

    If this illustrated figure given Lorenz curves for distribution of income after taxes and transfers, the probably short run effects of 10 percent increases within both income tax rates and government transfer

    		•
  • Q : Is binge drinking an economic trouble

    This binge drinking exercise observes why excessive drinking might be an economic trouble and the possible influences of government policy.

    		•
  • Q : Equilibrium price of a quantity I have

    I have a problem in economics on Equilibrium price of a quantity. Please help me in the following question. The equilibrium price is a price at which the quantity: (1) Bought equivalents the quantity sold. (2) Demanded equivalents the quantity supplie

    		•
  • Q : Positively sloped supply curve of a

    Can someone please help me in finding out the accurate answer from the following question. According to most conventional theories of labor market: (1) The supply curve of labor is positively sloped as higher salaries attract the extra workers to the labor market. (2)

    		•
  • Q : Price discriminate by monopoly firms

    Monopoly firms which can’t price discriminate: (a) are generally forced to shut down into the long run. (b) find this impossible to bar entry by new competitors within the long run. (c) by producing maximize profit where average

    		•
  • Q : Structure conduct performance paradigm

    From about 1890 till 1970 year, the “structure-conduct-performance paradigm” dominated theories regarding how firms behave in various types of markets. The term here “performance” in this context refers to those things as: (i)

    		•
  • Q : Maximum negatively-sloped demand curve

    The total revenue of a firm which faces a negatively-sloped demand curve: (w) is at a maximum where marginal revenue is zero. (x) declines while average revenue falls as output grows. (y) rises at an increasing rate over the output range plagued throu

    		•
  • Q : Price taker and a quantity adjuster

    When the world price for this year’s wheat crop is $10 per bushel, and Del, a profit maximizer one who owns the biggest wheat farm within North Dakota: (i) is a quantity taker and a price adjuster. (ii) cannot generate an economic profit into th

    		•
  • Q : Problem on utility-maximizing bundle

    Jane consumes only apples and chocolate.  She is always willing to trade 1piece of chocolate for exactly 3 apples. Her income is $200.  She can buy apples for $1 each and chocolate for $2 per piece.a. To Jane, apples and chocolate are (circle 1):

    		•