Explain the accounting cost concept in brief
Explain the accounting cost concept in brief.
Expert
Accounting cost: These costs represent all such expenditures that are incurred by a firm upon factors of production. Therefore, accounting costs are explicit costs. Briefly, all items of expenses appearing upon the debit side of trading, loss and profit account of a firm shows the accounting cost. As all the expenses on production are in money terms, the accounting costs are nominal costs or money costs.
Define the term business forecasting briefly.
Illustrates the pricing policies briefly?
Describe the term trend projection.
challenges of Equilibrium picing in devloping countries
Illustrates the real concept briefly?
If a perfectly competitive firm determines that its market price is below its minimum average variable cost, this will sell: w) the output where marginal revenue equivalents marginal cost. x) any positive output the entrepreneur decid
Illustrates the term monetary policy?
When a firm is experiencing diminishing returns as: (w) the marginal product of labor rises as more labor is hired. (x) the marginal revenue product of labor falls as more is hired. (y) the marginal resource cost of labor will be declining. (z) this w
When all labor were fundamentally very similar then, in long run equilibrium for purely competitive labor markets as: (w) money wages will be equal for all workers. (x) the net advantages of working in various occupations will be equa
Define the term unitary elastic.
18,76,764
1947573 Asked
3,689
Active Tutors
1436990
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!