--%>

Transaction costs in entrepreneurship

When you became an entrepreneur, in that case the transaction costs incurred in containing a luau for your employees would not comprise: (w) filling your car along with gasoline on the way to picking up the pig and poi. (x) time you use travelling to the grocery store to buy drinks and chips. (y) paying someone to dig a pit therefore you can cook the pig. (z) buying a new bicycle in the way back from the grocery store.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Consumer behaviour Graphical

    Graphical representation of relationship between MPC and multiplier?

  • Q : Circular flow of Income Elucidate the

    Elucidate the circular flow of Income in two sector model. Answer: There are just two sectors namely: Firms and households. Households give factor services to the fi

  • Q : Invisible-hand concept Choose Which one

    Choose Which one best describes the invisible-hand concept? 1) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. 2) The nonsubstitutability of resources creates a conflict between private

  • Q : Measures of Poverty Line The poverty

    The poverty line is: (1) about $15000/year for a family of two in 2006. (2) an index which varies depending on family characteristics. (3) dependent only on the size and income of a family. (4) about $12500/year for a family of four in 2006. (5) the p

  • Q : Estimate income elasticity of demand

    When Y = income, that is the income elasticity of demand is approximately measured when the value of: (i) (% change in Q) / (% change in Y). (ii) ratio of the slopes of demand relative to supply. (iii) (% change in Q) / (% change in P). (iv) constant

  • Q : Marginal factor cost The Siberian

    The Siberian Software vends custom programs to big multinationals. Its programs are coded in the remote region. In equilibrium, the Siberian faces a marginal factor cost for the programmers of roughly: (1) $21 per hour. (2) $24 per hour. (3) $12 per hour. (4) $18 per

  • Q : Price elasticity of demand coefficient

    In this demonstrated figure, there the price elasticity of demand coefficient is: (1) one at the midpoint. (2) greater than one in range a. (3) less than one in range b. (4) falling along with movements down along the demand curve. (5) All of the abov

  • Q : Perfectly price discrimination

    Babble-On holds world-extensive 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. This figure illustrates that Babble-On as: (1) is

  • Q : Selling product below cost by predatory

    Nintendo Co. of Japan has been accused of discarding its products (as selling below cost) upon the U.S. market that harms U.S. producers. When true, it is an illustration of: (w) excessive international competition. (x) protectionism. (y) aggressive advertising. (z) p

  • Q : Opportunity Cost to the User An

    An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m