--%>
Assignment Help - homework help

Problem on Explicit Costs

Can someone help me in finding out the precise answer from the given options. The explicit costs of the firm would not comprise: (1) Salaries paid to the employees. (2) The value of owner’s effort and time. (3) Electric bills automatically paid as the drafts on firm’s bank account. (4) Taxes.

   Related Questions in Microeconomics

  • Q : Monetary liability All currency issued

    All currency issued by central bank is its monetary liability. Explain how? Answer: The Central Bank is grateful to back the currency with assets of equivalent valu

    		•
  • Q : Occurrence of price discrimination

    Price discrimination arises whenever: (1) prices are exactly proportional to average variable costs. (2) customers who refuse to pay the market price must go without. (3) a good is sold at different prices not reflecting differences in costs. (4) perf

    		•
  • Q : Industry demand curve identity

    Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, along with automatic audio and text translations within any of the other three-hundred-thirteen languages. When Babble-On is a pure monopoly, such firm confro

    		•
  • Q : Labor Union Goals economically

    Economically, the labor unions can be thought of as the: (i) encouraging competition between the workers for jobs. (ii) Rising the flexibility of nominal wages. (iii) Attempts to cartelize and unite the individual sellers of labor. (iv) Having a goal of the minimum un

    		•
  • Q : Difference between planned and actual

    Differentiate between planned and actual saving and investment. Answer: There is a big difference between (a) planned S and I and (b) Actual saving and investment.<

    		•
  • Q : Economic idea of pure competition The

    The market circumstances most intimately conforming to the economic idea of pure competition would be as: (w) a broccoli farmer and the national market for broccoli. (x) your local cable company and the consumer market for cable TV. (y) Nissan vs. GM

    		•
  • Q : Advertising for higher prices Brand

    Brand name aspirin sells on higher prices than generic aspirin since: (w) higher prices mean higher quality. (x) they are chemically superior. (y) they cost more to produce. (z) advertising campaigns relate the brand name along with quality.

  • Q : Site value of a piece of land The site

    The site value of a piece of land taken as to the: (w) costs incurred by the landowners. (x) value of buildings on the land. (y) value of the land’s location. (z) appearance of the land. Hello guys I want you

    		•
  • Q : Demand curves rightward of potential

    Monopolistically competitive firms advertise in try to shift their: (1) own supply curves leftward. (2) competitors' costs upward. (3) existing customers' demand curves leftward. (4) tax burdens to resource suppliers. (5) potential customers' demand c

    		•
  • Q : Inadequate competition or lack of

    A firm’s capability to alter the price of its output due to inadequate competition or a lack of perfect substitutes for its products is an illustration of: (i) adverse selection. (ii) simple game theory. (iii) X-inefficiency. (iv) strategic behavior. (v) market

    		•