Explicit Costs of business

The Explicit costs of doing the business would comprise: (i) The value of owner’s time (ii) Depreciation on the company owned truck (iii) The interest that the owner could earn when her savings were not tied up in firm. (iv) Salaries paid to the staff.

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

View Complete Question

Related Questions in Microeconomics

Q : Define price elasticity of supply with

The supply curve which would best reflect the supply of 1940 a Packard 180 limousine is as: (i) supply curve S1. (ii) supply curve S2. (iii) supply curve S3. (iv) supply curve S4. (v) supply curve S5.

Q : Market Power-Monopsony Power-Demand for

Can someone please help me in finding out the accurate answer from the following question. Siberian Software vends custom programs to multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberi

Q : Least commonly finance investment in

Business firms least commonly finance investment within new economic capital by: (w) retained earnings. (x) the issuance of common or preferred stocks. (y) borrowing from banks or other financial institutions. (z) gra

Q : Problem on Consumer Sovereignty The

The phrase ‘dollar votes’ refers to the consumers: (1) Voting patterns in the national elections. (2) Recognizing what goods are produced. (3) Each containing an equivalent says about what is generated. (4) Being subservient to big firms.

Q : Hike in relative price of a good I have

I have a problem in economics on Hike in relative price of a good. Please help me in the following question. The hike in relative price of a good will quickly increase the: (i) Quantity demanded. (ii) Market supply. (iii) Rate of inflation. (iv) Quant

Q : What is Complements Complements : The

Complements: The two goods for which a rise in the price of one good leads to a reduction in the demand for other.

Q : Example of Industrial Unions Can

Can someone please help me in finding out the accurate answer from the following question. The United Auto Workers (or UAW) is an illustration of the: (1) Industrial union. (2) Company union. (3) Mechanical union. (4) Craft union.

Q : Competitive Prices for selling This

This purely-competitive producer’s generic bricks presently sell for: (i) $60 per thousand. (ii) $70 per thousand. (iii) $80 per thousand. (iv) $90 per thousand. (v) $100 per thousand.

Q : Definitions of Poverty by Researchers

Some researchers have attempted to define poverty: (1) as the lowest 20% of the income distribution. (2) through estimates of the fundamental needs for families having various characteristics. (3) by estimating the costs of the minimum caloric intake

Q : Demonstrates the Lorenz Curve This

This given figure demonstrates as: (w) Lorenz curve. (x) familial income distribution graph. (y) Gini curve. (z) Blanc income standard curve. </span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1424294 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1934376
Asked

3,689

Active Tutors

1424294

Questions
Answered

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

Submit Assignment