What are differences between differential and explicit cost
What are the differences between differential cost and explicit cost?
Expert
Differential Cost:
This refers to the change in cost because of change in the level of activity or method of production or pattern of production.
Explicit Cost:
These costs are those costs that are really paid (or paid in cash.). all they are paid out costs.
Give a brief introduction of the term P/V ratio and Contribution?
Does managerial economics as a tool for decision making? Explain this term.
Illustrates the term monetary policy?
demand function is: QY = -8,000 - 5,000PY + 192A + 120I + 2,000PX (6,000) (1,000) (120) (80) (800) R2 = 91% Here QY is quantity (measured in units) of Product Y demanded in the current period, A is hundreds of dollars of advertising ($00), I is thousands of dollars of disposable income per ca
Explain the role of demand factor in pricing briefly.
Explain the infinitely elastic demand.
Explain the term business cycle in brief.
Hulk counsels five clients at a time within exercise groups at Beefcake Body Builders. Hulk hourly wage is $17, and also Beefcake charges Hulk’s clients $20 for every hour-long fitness session. When fitness counselors are hired from competitive labor mar
When a firm is a price taker into the labor market and the wage is $80 daily, the marginal resource cost incurred while hiring 20 more workers daily is: (w) $80. (x) $1600. (y) $800. (z) $400. Q : Illustrates the pricing policy and Illustrates the pricing policy and practices?
Illustrates the pricing policy and practices?
18,76,764
1944116 Asked
3,689
Active Tutors
1450917
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!