--%>
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 cross-elasticities of demand When

    When the price of thermal underwear is increased from $12 to $18 per pair, because of the quantity of cross country snow skis to decline by 1,200 to 800 pairs annual, such goods are ____ and the price cross elasticity of demand equiva

    		•
  • Q : Effect of minimum wage laws in

    The Minimum wage laws might efficiently raise employment: (i) When the set wage value surpasses labor market equilibrium. (ii) In industries of profoundly exercised monopsony power. (iii) In no condition; higher minimum wage floods the labor supply and lower minimum w

    		•
  • Q : Percent of interest rate for the price

    When the Bank of England issues perpetuities which pay of £100 yearly, forever, beginning one year by today, in that case at an interest rate of 5 percent the price of that bonds is: (1) £9,500. (2) £5,000. (3) £2,000. (4) &pou

    		•
  • Q : Maximize output by monopolists

    Economists suppose that most monopolists wish for maximize: (i) accounting profit. (ii) the prices they charge. (iii) total revenue. (iv) economic profit. (v) output. I need a good answer on the topic of Ec

    		•
  • Q : Determine least price elasticity in

    Of all of the known ranges on such supply curves, the supply of tanks of dehydrated water is least price elastic in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point e and point f. (v) point g and point

    		•
  • Q : Harrod-DOMAR ????? ???? ?? ?????????

    Harrod-Domar ????? ???? ?? ????? ????????? ?? ?????. ???? Harrod Domar ???? ??????? ???? ?? ???? ?? ????? ???? ???

    		•
  • Q : Political pressure on government

    When the government imposes a price floor upon a product, in that case there may be political pressure for the government: (1) to produce several of the good itself. (2) to restrict the demands of private buyers. (3) to buy and then store some surplus

    		•
  • Q : Income effect on leisure Can someone

    Can someone please help me in finding out the accurate answer from the following question. The individual’s labor supply curve is negatively sloped [that is, backward-bending] in the range of wages if the: (i) Demand for goods exceed the demand for leisure. (ii)

    		•
  • Q : Labor Union-union membership The basic

    The basic idea that unions are more influential than ever before is: (i) Supported by the consequences of unions on inflationary spirals. (ii) Reflected in the growing numbers of violent and expensive strikes. (iii) Contrary to the fact that union membership is refusi

    		•
  • Q : Market adjustments due to raised

    Normal 0 false false

    		•