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Crank
2 years ago
5

Which of the following explain the concept of explicit costs? (Check all that apply.) Multiple select question. A firm's monetar

y payments made for the use of resources owned by others. A firm's monetary payments that self-employed resources could have earned in their best alternative use. A firm's monetary payments to those who supply labor services, materials, fuel, and transportation services. A firm's monetary payments received for the use of resources owned by the firm.
Business
1 answer:
aleksklad [387]2 years ago
4 0

The phrase "explicit costs" refers to a company's monetary payments to individuals who provide labor, materials, fuel, and transportation services as well as payments paid for the use of resources that belong to other people. The correct option is (a) & (c) .

<h3>What is labor specialization?</h3>
  • When businesses separate their production or service process into many fixed tasks, specialization of labor, also known as division of labor, develops.
  • Employees don't complete numerous tasks themselves; instead, they repeat a single step of the production process.
  • The marginal-cost, average-total-cost, and average-variable-cost curves all move up.Y

What is division of labor and specialization in economics?

  • When a worker is specialized, they only carry out a small number of different jobs.
  • In the context of businesses, it alludes to many businesses that specialize in manufacturing various items or services.
  • When a good or service is produced, various workers are assigned to distinct duties. This is known as division of labor.

Learn more about labor specialization

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Total production should be greater or equals to 20 units.

Explanation:

Increasing marginal returns is an improvement in the quantity of goods produced by a company and it typically occurs over the short period of time when the amount of a variable input is initially added to a fixed input.

so given that total production increases when the first and the second workers were hired, therefore total production should be more than 20 units

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Both IFRS and U.S. GAAP allow deferred taxes to be: presented as noncurrent on the balance sheet. measured using a substantially
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presented as noncurrent on the balance sheet.

Explanation:

GAAP is an acronym for Generally Accepted Accounting Principles, it was adopted by the U.S. Securities and Exchange Commission (SEC) and is the comprehensive accounting rules and standard used in recording and reporting financial information.

The IFRS is an acronym for International Financial Reporting Standards,International Financial Reporting Standards, it is a set of accounting rules that ensure financial statements are consistent, transparent and comparable globally.

Both IFRS and U.S. GAAP allow deferred taxes to be presented as noncurrent on the balance sheet.

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Helga [31]

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I believe the answer for your question is A, Cost of the activities. Hope this helped!

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Which of the following is a fixed cost for a company that sells greeting cards online and mails the printed cards to customers?
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A paper cutting machine

Explanation:

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