--%>

Example of an explicit cost

Which of the given below is an example of the explicit cost? (i) The owner’s time. (ii) Depreciation on company owned truck. (iii) The interest which could be earned when some of the owner’s funds was not tied up in business. (iv) Salaries paid to the employees.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Analytic Time-The Market Period I have

    I have a problem in economics on Analytic Time-The Market Period and Products Flow Model. Please help me in the following question. According to the Alfred Marshall, the period of time so short that output is fixed is: (1) Chronological run. (2) Marke

  • Q : Produces differentiated goods by

    Monopolistic competitors generate differentiated goods which have numerous potential: (1) substitutes and important barriers to entry protecting them from potential rival producers. (2) close substitutes whose suppliers face no long run barriers to en

  • Q : Firms sanctioned by state laws I have a

    I have a problem in economics on Firms sanctioned by state laws. Please help me in the following question. The Firms sanctioned by state laws and considered lawful entities separate and dissimilar from their owners are: (1) Proprietorships. (2) Corpor

  • Q : Lowering price of units selling A

    A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of

  • Q : Present Value of an Asset The present

    The present value of an asset refers to the: (w) consumer surplus derived from the asset throughout the current period. (x) value today of any expected income payments related with owning the asset. (y) economic rent realized after paying the market p

  • Q : Tacit collusion by oligopolists Tacit

    Tacit collusion through oligopolists is possible when: (w) agreed to by the government. (x) a price leader is visible. (y) the oligopolists succeed in forming a cartel. (z) very few firms control the market. How ca

  • Q : Elucidate the merits of mixed economy

    Elucidate the merits of mixed economy system?

  • Q : Tax onto the mathematically impaired By

    By the opinion of public finance economists and financial analysts that the label “a tax onto the mathematically impaired” is most likely most applicable to: (1) land taxes. (2) income taxes. (3) inheritance taxes. (4) purchases of lottery

  • Q : Define factor market Factor market : It

    Factor market: It comprises of factors of production namely land, labor, capital and associations.

  • Q : Signaling and Screening Completing your

    Completing your degree is most probable to be a significant signal which will help you in securing a well-paid job with bright future when potential employers: (i) Want to make sure that job applicants have already acquired important amounts of precise human capital.