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.

View Complete Question

Related Questions in Microeconomics

Q : Cost conditions and market demand curve

The fact that a firm along with market power adjusts output depending upon both cost conditions and the features of the market demand curve means that: (w) the amount which a monopolist produces tends to be more volatile than the outp

Q : Adjustments in demand When Mad Cow

When Mad Cow Disease erupted internationally, so what would occur to the demand, price, supply and quantity of hamburgers: (w) demand = fall, price = ???, supply = fall and quantity = fall. (x) demand = fall, price = rise, supply = rise and quantity =

Q : Problem on effect of a price decrease

1. Is it possible for any country to have made gains in access (at the expense of quality) of their rural healthcare system, without any gains in efficiency? Explain using a PPF diagram.2. If the own price elasticity for a good is -2.5, what is the l

Q : Direction of the income effect The

The direction of the income effect can’t be: (i) Negative for inferior goods. (ii) Positive for the luxury goods. (iii) Zero for a good which some people consider a requirement. (iv) Expected when we know only the size and direction of substitution effect.

Q : Opportunity costs in different prices

While a firm is NOT able of price discrimination: (w) various prices are charged for units of remotely related goods. (x) only opportunity costs are reflected in various prices for units of similar good. (y) any short term profit stimulates long run l

Q : Pure competition and monopolistic

Pure competition and monopolistic competition are: (1) polar opposites on the continuum of market structures. (2) the two market structures in that firms are pure quantity adjusters. (3) both characterized by an absence of barriers to long run entry a

Q : Stream of Present Value of Annual Income

The present value of an annual income stream which goes onto forever is: (w) infinite. (x) zero. (y) the annual income multiplied through the interest rate. (z) the annual income divided through the interest rate.

Q : Shifting of left to right demand curve

Shifting from left to right all along demand curve D, the price elasticity of demand for Pixie’s cheesy fried grits will be: (i) Positive, then unitary, and then negative. (ii) Constant and equivalent to one. (iii) More at high prices than at low prices. (iv) Lo

Q : Problem on Laws and Regulations Can

Can someone please help me in finding out the accurate answer from the following question. Raised demand for beer would be most probable to follow a fall in the: (1) Legal drinking age. (2) Price of ale. (3) Price of hard liquor. (4) Price of wine.

Q : Distribution of Wealth When line 0C0'

When line 0C0' shows the U.S. income distribution, in that case the distribution of wealth would most likely be possible: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

Discover Q & A

Leading Solution Library

Avail More Than 1422705 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929516
Asked

3,689

Active Tutors

1422705

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment