Explain the money cost concept briefly
Explain the money cost concept briefly.
Expert
Money Cost: It implies the total money expenses incurred through a business firm upon the different items entered in the production of an exact product. For case in point, money payments made upon wages and salaries to managerial and workers staff, payments for raw materials purchased, expenses upon light and power, transportation, insurance, advertisement; as well as payments made on the buy of machinery and equipments and so forth constitute money cost of production. This type of cost concept is also termed as nominal cost.
Hulk counsels five clients at a time within exercise groups at Beefcake Body Builders. Hulk hourly wage is $17, and also Beefcake charges Hulk’s clients $20 for every hour-long fitness session. When fitness counselors are hired from competitive labor mar
Explain about the term Boom in phases of business cycle.
As the labor market within a purely competitive economy is into equilibrium: (1) the marginal benefits by unemployment exceed unemployment compensation. (2) the marginal benefits and marginal costs from employment are equal. (3) econo
Illustrates the criteria for good forecasting method?
What are the important areas of decision making?
Illustrates the term Advertisement Elasticity of Demand?
Technological advances because the starting of the twentieth century has: (w) removed the limits on our ability to produce. (x) removed the problem of scarcity. (y) expanded our capability to produce. (z) raised the use of resources for production. Q : What is Oligopoly What is Oligopoly? What is Oligopoly? Explain in brief.
What is Oligopoly? Explain in brief.
Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o
18,76,764
1942264 Asked
3,689
Active Tutors
1429434
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!