--%>

Entrepreneurs implicit cost

Can someone please help me in finding out the precise answer from the following question. The entrepreneur’s implicit cost would comprise the: (i) Purchase price of the intermediate goods. (ii) Interest payments on loans. (iii) Value of the owner’s labor. (iv) Insurance premiums on firm.

   Related Questions in Microeconomics

  • Q : Increasing equality in distribution of

    Increasing equality within the distribution of income or wealth is generally related with: (1) decreases in the population’s total amount of income or wealth. (2) lower values for the Gini coefficient. (3) greater overall curvat

  • Q : Earn zero economic profit by

    When a monopolistic competitor is earning zero economic profit, in that case this: (1) sells at a price equal to average total cost. (2) sells at a price equal to marginal cost. (3) is at the minimum point on its average total cost cu

  • Q : Value of a product according place I

    I have a problem in economics on Value of a product according place. Please help me in the following question. The ice has a higher price in Texas, Dallas than Anchorage and Alaska. The raised value of the ice is due to its changing: (i) Form. (ii) Po

  • Q : Present value of winnings by free

    You win the Idaho state lottery as well as are entitled to two tax-free payments of $500,000 every. You get the first payment today and the next payment in precisely one year. Suppose the interest rate is a generally high 25 percent.

  • Q : Attribute Demand Curve for Bonds A

    A demand curve for bonds moving to the right is probably to be attributable to: (w) a business cycle recession. (x) lower expected (future) interest rates. (y) an increase into the expected rate of inflation. (z) an increase in the liquidity of altern

  • Q : Economic Efficiency in Financial

    Financial institutions make possible economic efficiency primarily since: (w) laissez faire markets handle asymmetric information poorly. (x) corporate ownership must be stabilized. (y) they channel funds from agents along with surplu

  • Q : Minimum wage laws for graduates students

    Casual surveys of students at the starting of each semester reveal an amused although overwhelming maintain for a proposal to increase the legal minimum wages of graduates from college to $50,000 yearly. They supposed our proposal was facetious. But a

  • Q : Destitute Percentage of Income The

    The percentage of American families that stay put destitute year after year is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Hello guys I want your advice. Please recommend some views for above Economics problem

  • Q : Correcting deflationary gap Describe

    Describe the role of given in correcting deflationary gap in an economy. A) Govt. ExpenditureB) Legal Reserve Ratio

  • Q : All possible prices exceeding in

    Participants in this market would experience a surplus in this market for teleporter buttons: (1) at all possible price per button exceeding P2. (2) equal to distance cd when the price per button equals P1. (3) when this market was primarily in e