--%>
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 : Marginal rate of substitution-marginal

    What is the marginal rate of transformation or marginal rate of substitution or marginal opportunity cost? Answer: It is the ratio of units of one good scarified to

    		•
  • Q : Supply curve for price elasticity of

    Suppose that all these demonstrated curves are infinitely long straight lines. So, a supply curve for that price elasticity of supply is constant for each possible price and quantity is: (i) supply curve S2. (ii) supply curve S3. (iii) supply curve S5

    		•
  • Q : Define the income elasticity of demand

    The income elasticity of demand is a measure of the: (w) relative responsiveness of quantity demanded to changes within income. (x) absolute change within demand yielded by an absolute change within income. (y) slope of the income-consumption curve. (

    		•
  • Q : What demand curve illustrates What

    What demand curve illustrates?

    		•
  • Q : Explain the term Realized Yield Explain

    Explain the term Realized Yield? Also write some points on it.

    		•
  • Q : Tax onto the mathematically impaired By

    By the opinion of public finance economists and financial analysts that the label “a tax onto the mathematically impaired” is most likely most applicable to: (1) land taxes. (2) income taxes. (3) inheritance taxes. (4) purchases of lottery

    		•
  • Q : Analytic time and profit maximization

    Firm A in below illustration of figure maximizes profit and is: (1) demonstrated as operating in the long run. (2) capable of reaping economic profit of P2P1de, since only in the short run. (3) incurring economic losses equivalent to fixed costs of P3

    		•
  • Q : Charging price of profit-maximizing

    Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will charge a price of: (1) $10 per dozen roses. (2) $12 pe

    		•
  • Q : When is Price Ceiling not create

    Price ceilings do NOT create pressures for: (w) shortages of price controlled goods. (x) black markets, queuing, or sales by favoritism. (y) opportunity costs to be lower than or else. (z) transactions at monetary prices below the equilibrium price.

    		•
  • Q : Corporate Taxes-Disadvantages of a

    One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.