--%>
Assignment Help - homework help

Implicit Costs definition

The Implicit costs are: (i) The opportunity costs of resources contributed by the firm’s owner. (ii) Costs that need a cash outlay. (iii) Usually comprised in the computation of accounting profit. (iv) Fictional costs which do not influence the production.

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

   Related Questions in Microeconomics

  • Q : Price of a share of corporate stock

    When the price of a share of corporate stock increases, all else identical, there will be reduces in the: (w) overall liquidity of a portfolio which includes the stock.  (x) likelihood that the individual who owns the stock will sell this. (y) ra

    		•
  • Q : Barriers of entry with oligopoly market

    Barriers of entry tend to be important, and main industries dominated by some huge firms while the market structure is an: (w) monopoly. (x) perfect competition. (y) oligopoly. (z) cartel. Can anybody suggest me th

    		•
  • Q : Income Distribution and Satisfaction

    Some researchers have determined that citizens of some prosperous countries [for example, Japan] explain themselves as “happy” far less frequently, onto average, than citizens of a few poorer nations [for example, Indonesia]. Nevertheless, almost all studi

    		•
  • Q : Cost which is zero Which cost might

    Which cost might there if output is zero? Answer: Fixed cost

    		•
  • Q : Free products Select the right answer

    Select the right answer of the question .Free products offered by firms :1) may or may not be free to society, but are never free to individuals. 2) may or may not be free to individuals, but are never free to society. 3) are poduced and distributed at no cost to soci

    		•
  • Q : Price increment in elasticity A price

    A price hike $4 to $5 per slice of pizza because of total revenue to: (w) fall. (x) remain constant. (y) rise. (z) this is not possible to tell from such data.

    Q : Implicit Costs-Earning income The

    The economic cost borne by you as the college student which would be ignored by the bookkeeper whenever computing costs however that economists would consider the implicit cost of your education would be: (1) Food, similar costs and rent which you would incur even whe

    		•
  • Q : Illustration of most complete monopoly

    The most complete monopoly by the given list would be: (1) McDonald’s dominance in marketing fast food burgers. (2) the Federal Reserve System [i.e., an arm of the government] issuing all US currency. (3) limiting subsidized low tuitions at stat

    		•
  • Q : Determine price and quantity by

    The price elasticity of demand at a specified price and quantity is demonstrated by the ratio of the relative as: (w) change within quantity demanded over a specified proportional price change. (x) reciprocal of the price elasticity o

    		•
  • Q : Adverse Selection as a classifiable

    Which of the given below conditions is most evidently classifiable as the adverse selection? (i) The company manufactures a miracle weight loss solution guarantee enduring weight loss, however in realism the solution only rids surplus water weight for

    		•